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DPAG Magazine 01.04

Davis Property Advisory Group Magazine 01.04

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Real Estate, Finance and the World from Kansas City.

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Page 1: Davis Property Advisory Group Magazine 01.04

DPAG Magazine0104

DPAG MagazinelsquoSeniorrsquo EditorProduction and Design DirectorSenior and Contributing WriterProducer and ProductionCopy and Editing ChiefResearch Art DirectorVideo DirectorDesign and Development Editor Senior Publicist

Jason M Davis jasonDPAGkccom

With Special Thanks ToReece amp Nichols REALTORSreg IncReece amp Nichols REALTORSreg Inc | College Blvd OfficeOwnerBroker | Jerry Reece - Reece amp Nichols REALTORSreg IncBroker | Harvey Kinnard - Reece amp Nichols REALTORSreg CB Office harveykreeceandnicholscomBroker | Dianna Kinnard - Reece amp Nichols REALTORSreg CB Office diannareeceandnicholscomBroker | Larry Wallace - Reece amp Nichols REALTORSreg Blue Springs Office larrywreeceandnicholscomLender | Maryhelen Loya - Homeservices Lending maryhelenloya2hslkccomLender | Terry Werth - Homeservices Lending terrilwerth hslkccomLender | Natalie Latta - Homeservices Lending natalielattahslkccomNational Association of RealtorsKansas City Regional Association of RealtorsSpecial Projects Consultant - Stephanie L Davis - SocialTerra Consulting stephanied3870gmailcomLate-Night Editing (and my Fiancersquo) Joanna Metsker

The information displayed on the following pages is confidential proprietary and copyrighted information of Heartland Multiple Listing Service Inc (Heartland MLS) copy 2013 Heartland Multiple Listing Service Inc Heartland MLS Davis Property Advisory Group and Jason M Davis do not make any warranty or representation concerning the timeliness or accuracy of the information displayed herein In consideration for the receipt of the information on this page the recipient agrees to use the information solely for the private non-commercial purpose of identifying a property in which the recipient has a good faith interest in acquiring The properties displayed on this website may not be all of the properties in the Heartland MLS database compilation or all of the properties listed with other brokers participating in the Heartland MLS programWe sure want everything here to be factbut sometimes technology time and other variables happen that change what is presented hereplease have faith that we hold your respect in the highest regard

Jason M Davis is an innovator with unconventional methods and unmatched standards in the real estate business Jason is an experienced Realtorreg and Strategic Marketing and Social Media Professional with the 1 Real Estate company in his market Reece amp Nichols REALTORSregJason is a deal closer Using his experience in business marketing design social media communications technology and negotiations Jason leverag-es proven results to provide the very best for his clientsWith a background in real estate design renovation and investment he pro-vides a consultative insight that is unmatched in the industry Jason holds a Masters degree in Business Administration from Baker University and a Mas-ters degree in Social Work from the University of Nevada Reno He also has extensive experience in marketing and Social Media Optimization (SMO) Jasonrsquos exceptional background truly sets him apart

There is no doubt of the increase in real estate decisions and transactions taking place online Ja-son leverages his proven reputation in the social media arena to develop a comprehensive home marketing plan His customized services and strategies groundbreaking ideas and collaborative approach set him apart and set his clients apart from the rest Jason works with his clients to em-ploy proven and innovative strategies that clients trustJason has focused his expertise and knowledge around many Kansas City areas including Leawood Overland Park Prairie Village Mission Hills Hallbrook Fairway Brookside the Country Club Plaza area Leersquos Summit and Blue Springs He takes pride in providing excellent service tak-ing the time to partner with clients and act as thei18bjpgr respectful and professional advocateIn his freetime Jason is a member of the Advisory Board for Operation Breakthrough as well as a member of the Family Advisory Board at Childrenrsquos Mercy Hospital He is happily engaged to Joanna the love of his life and has one child Zoe

Davis Property Advisory GroupJason M Davis

11100 Antioch Road Overland Park Kansas 66210 (c) 9134868509 (p) 9132665497 (f) 9139815497 Information infoDPAGkccom Jason Davis jasonDPAGkccom

4 NewServices Lending5 Voorheis Vale Properties

6 KC Real Estate News7 New Brookside Listings8 Real Estate News9 New Leawood Listings10 Seller Tips 11 New OP Listings

12 Buyer Tips and Strategies13 Tech Roundup15 Resources

CONTENTS November 2013

HomeServices Lending is a joint venture between Wells Fargo Home Mortgage and HomeServices of America a Berkshire Hathaway Affiliate You can rely on the long-standing strength of a well-estab-lished lender We provide a wide range of mortgage products for homebuyers in-cluding bull Conventional mortgages bull VA and FHA bull Larger loan amounts bull Investment property financing bull New construction and renova-tion loansAs a mortgage industry leader we are committed to helping as many customers as possible enjoy the personal benefits of homeownership As a responsible lending leader we work closely with customers to help them explore the home financing options that help meet individual budgets and homeownership goals

Maryhelen Loya has been with HomeServices Lending for sever-al years helping clients achieve their home-purchasing goals With years of prior experience in the lending industry Maryhelen is excellent with regards to lend-ing services but her real forte is with customer serviceand most clients continue using her in the years to comeMaryhelen was born and raised in the Kansas City Metropolitan Area and as a long-time resident is a strong supporter of our com-munity She is married to Shane and they have 2 children

Maryhelen Loya

Maryhelen LoyaNMLSR ID 4003367070 Renner RoadShawnee KS 66217(cell) 9132070713(office) 9133074160(fax) 8664376715maryhelenloya2hslkccomwwwhslkccommaryhelen-loya

Voorheis Vale - A Community for Everyone

2 and 3 Bedroom homes available from as low as $79900 Stop by and see all this wonderful community has to offer located in Independence Missouri at the intercention of Norfleet Rd and 47th Street and call 9134868509 to-day to make an appointment

jasondavisreeceandnicholscom

Jason M Davis MBA MSW ABR GREEN BPOR SFRRealtorreg|Strategic Marketing amp Social Media Professional

11100 Antioch Road | Overland Park KS 66210(c)9134868509 (f)9139815497

JasonDavisReeceandNicholscom or JasonDPAGKCcom

f

KC Real Estate News amp InfoPower amp Light BuildingAustin Alonzo Kansas City Business Journal

The 30-story 231000-square-foot Kansas City Power amp Light Co Building home to the electric utility from 1931 until 1992 is probably the most famous member of the downtown Kansas City skyline It was originally conceived as office space for the grow-ing KCPampL in the late 1920s The company chose Hoit Price and Barnes mdash which designed prominent Kansas City buildings such as 909 Walnut Municipal Auditorium and the Kansas City Museum at Corinthian Hall mdash as its architectResearch [PDF] from the Missouri Department of Natural Resourc-es said the steel-framed limestone-sheathed office building was built with heavy ornamentation mdash like other buildings built in the Art Deco style popular in the 1930s and 1940s mdash representing images of light and energy inside and out It is capped off with an internally illuminated six-story glass lantern The west side of building has few windows and lacks the decoration of the other fa-cade Plans originally called for a second building but the money was not there during the Great DepressionThe building is now inhabited by Kansas City architecture firm BNIM Recent plans have called for converting the building into residential space or weaving it into a plan to build a new conven-tion center hotel but nothing has come to pass yetAmirahmadi said the Power amp Light Building speaks to him be-cause it is a ldquolivingrdquo piece of art that both speaks to Kansas Cityrsquos glamorous past and inspires its futureldquoIt speaks to its time but at the same time is not datedrdquo Amirah-madi said ldquoIt has a charm and a character which is going to be attractive for generations to comerdquoOn a textbook level Amirahmadi said the building has a deep sensitivity for scale and proportion The building has a ldquotelescop-ingrdquo geometric appearance that tapers off from a wide square base on the bottom floors to a more narrow rectangular top section which narrows into the buildingrsquos signature lantern

River Market apartment project announced Rob Roberts - Kansas City Business Journal

KC Commercial Realty Group is planning a five-story 56-unit mar-ket-rate apartment building at the southeast corner of Fifth Street and Grand Boulevard in the River MarketThe project called Centropolis on Grand will be built on two vacant lots that the developers acquired from Lawson Bank and SAM Properties said Justin Cottrell a principal with KC Commer-cial RealtyCottrell said the developers will be seeking a standard property tax abatement mdash 100 percent for 10 years followed by 50 percent for 15 years mdash from the Planned Industrial Expansion Authority The estimated project cost is $8 million he saidThe building will include 52 one-bedroom units and four two-bed-room units Each unit will have one parking space on the first level of the structureConstruction of the 84000-square-foot structure will begin in spring 2014 with leasing to begin in the first quarter of 2015 The building is being designed by NSPJ Architects of Prairie Village The exterior elevations have been designed to have a historic feel to fit into the existing landscape of the River MarketThe name Centropolis on Grand is a nod to a historic hotel located at this intersection of the River Market from 1880 to 1940 The Centropolis Hotel was named by Major William Gilpin a map-maker and early booster of Kansas City As far back as 1859 Gilpin referred to Kansas City as ldquoCentropolisrdquo due to its close proximity to the geographical center of the United States The hotel was razed in 1941 as development in Kansas City moved southward In its peak vibrancy the Centropolis Hotel was a destination for movie stars and presidentsThe River Market site is located near the City Market a city-owned property that is privately managed by KC Commercial Realty GroupldquoThe River Market is an iconic Kansas City neighborhood and is an increasingly desirable place to liverdquo Cottrell said ldquoThe continued development of the neighborhood and the addition of the street-car make the Centropolis on Grand an attractive option for those interested in urban living We are excited to increase residential options and KC Commercial Realty Grouprsquos presence in the River Marketrdquo

11 E 66TH StreetKansas City MO 64113Armour HillsMLS 1858927$3249503 Bed 2 Bath

453 W 70th TerraceKansas City MO 64113Romanelli GardensMLS 1859279$4750004 Bed 31 Bath600 W 67th StreetKansas City MO 64113Armour FieldsMLS 1859279$6250004 Bed 31 Bath833 W 57th TerraceKansas City MO 64113Country Club RidgeMLS 1858909$7150004 Bed 51 Bath

1225 W 67th StreetKansas City MO 64113Romanelli West SubdivisionMLS 1860213$4490003 Bed 21 Bath

NEW BROOKSIDE LISTINGS

Financial and National News

4 Things You Didnrsquot Know About the Fair Housing Act - Meg WhiteUsually I try to point Book Scan readers to the written word but occasionally I find a piece of audio worth recommending Last time I pointed you toward a wonderful novel about a real estate agent but this time Irsquom suggesting a podcast Yesterday I was listening to This American Life an NPR radio show produced by my local station WBEZ The show produces one hour of radio a week usually with several segments organized around a central theme If you have never listened before the Nov 22 episode is a great place to start if yoursquore in real estate The show titled ldquoHouse Rulesrdquo addresses the idea of ldquodestiny by addressrdquo through an examination of the 1968 Fair Housing ActOne might argue that real estate professionals know more than the average bear about the Fair Housing Act since itrsquos so integral to the housing industry in this country But here are a few items that you might not know about fair housing in America and the legislation itself1 The federal government pretty much invented redlining 2 Walter Mondalersquos sponsorship of the Fair Housing Act was something of a fluke 3 One book that likely never would have made it to print today had a big impact President Johnson convened the National Advisory Commission on Civil Disorders known as the Kerner Commission to look at the causes of the race riots that rocked many American cities between 1965 and 19684 The Fair Housing Act had a legislative precursorhellip signed into law less than one year after Abraham Lincolnrsquos death Yes the Civil Rights Act of 1866 prohibited all racial discrimination in the sale or rental of property But be-cause it did not contain any federal penalties for violators more specific legislation was necessary during the civil rights era to actually accomplish many of the goals set out by this initial actFind much more at NARrsquos online home for the Fair Housing Program Itrsquos not too early to start gathering ideas and supplies to celebrate Fair Housing Month this coming April

Spike in New-Home Sales lsquoNegatesrsquo Interest-Rate TroubleSource NAHBSingle-family new-home sales posted a sharp rise in October up 254 percent from September according to newly released Census Bureau data That was a similar rate to last spring when the new-home market was taking off in recovery mode Across the country all regions posted double-digit gains in new-home sales in October In the Midwest they jumped 34 percent 282 percent in the South 192 percent in the Northeast and 152 percent in the West As sales gained inventory levels fell to a 49-month supply ldquoThe strong October results return us to the sales levels we saw earlier this year and negate the pause caused by the sudden jump in interest ratesrdquo says David Crowe chief economist for the National Association of Home Builders ldquoWe expect sales to continue to rise as pent-up demand is released and first-time home buyers creep back into the marketrdquoHowever some economists and analysts point to several headwinds that persist and could dampen sales in the coming months ldquoThe market is stabilizing but maybe it hasnrsquot come back to the degree that todayrsquos data would suggestrdquo says Mark Zandi chief economist for Moodyrsquos Analytics Several recent homebuilder surveys have shown new-home sales posting much more modest increases mdash or even falling Builders have blamed a 1 percentage point rise in interest rates be-tween May and September as one big culprit in slowing new-home sales in their markets Also double-digit percentage increases in the price of new homes has sidelined some buyers The average price for a new home was $321700 in October according to Census data That puts it on par with the average price during the 2006-07 boom times But with a slight pullback recently in interest rate increases and a small increase in economic confidence some buyers have come off the fence this fall ldquoItrsquos more active nowrdquo Brendan Wright a real estate professional at At-lanta Fine Homes Sothebyrsquos International told The Wall Street Journal ldquoThere was so much activity in the spring and summer that the people who missed the boat then are circling back now as opposed to waiting for next springrdquo

Farewell To an Amazing Hero

12705 Briar StreetLeawood KS 66209Highlands of LeawoodMLS 1859422$3299004 Bed31 Bath

9821 Lee CircleLeawood KS 66206Leawood EstatesMLS 1858084$4750003 Bed2 Bath3006 W 147th StreetLeawood KS 66224Leabrooke HighlandsMLS 1857749$4787805 Bed5 Bath3621 W 121st TerraceLeawood KS 66209Bradford PlaceMLS 1859540$7749506 Bed51 Bath

5200 W 112th StreetLeawood KS 66211Leawood Country ManorMLS 1859148$3750005 Bed41 Bath

NEW LEAWOOD LISTINGS

Home Buyers Plan to Make a Move This WinterHome buyers who werenrsquot successful this summer at finding a home due to limited inventories and competition from all-cash offers are looking to retry their luck in the winter according to realtorcomregrsquos Winter Home Buyer Report ldquoThis summer and spring home-buying season was particularly challenging for buyers especially first-time home buyers trying to compete with all-cash offers and bidding wars because of reduced inventoryrdquo says Alison Schwartz vice president of corporate communications at realtorcomreg ldquoIn fact a quarter of the winter home buyers revealed they are in the market now because they were unable to find a home during this last home-buying seasonrdquoBut winter home buyers know theyrsquoll face some challenges Forty-five percent of those surveyed say they believe they will be up against inventory challenges again with few homes for sale within the price range they desire Twenty-nine percent also say that winter weather makes house-hunting unpleasant But they believe that the winter can be a good time to buy a home Twenty-six percent say winter is a good time to buy because they feel sellers will be more motivated and willing to negotiate Twenty-four percent also say they think home prices will be betterOf those looking to buy this winter 23 percent are planning to make a down pay-ment of 10 to 20 percent according to the realtorcomreg survey Twenty-two percent are planning to put down 21 to 99 percent in cash 19 percent plan to put down 100 percent cash and 13 percent are planning to make a down payment of 35 percent to qualify for a Federal Housing Administration loan Source realtorcom (Nov 20 2013)

SELLINGTIPS AND INFO

Investors Target lsquoHipstersrsquoThink hipsters arenrsquot as cool as they think they are Take a look at their effects on housingThe hipster lifestyle can have a ldquomajor impact on lo-cal real estate markets and mostly in a positive wayrdquo says Daren Blomquist vice president of RealtyTrac Neighborhoods that are branded as ldquohipsterrdquo often offer trendy restaurants coffee shops and other amenities mdash and thatrsquos likely to see property values and rental rates rise Blomquist saysSavvy real estate investors are even targeting hipster markets to purchase rental properties betting that they will offer up steady cash flow and strong appreciationRealtyTrac analyzed ZIP codes across the country to identify ldquohyper-local hipsterrdquo markets that offer investors solid returns on rental properties and boast low vacancy rates For its survey RealtyTrac identified ZIP codes where at least 20 percent of the popula-tion is between 25 and 34 years old mdash prime hipster age RealtyTrac also looked at densely populated neighborhoods that are walkable or use public transportation and where renters account for at least 50 percent of all housing units and vacancy rates are 5 percent or lessThe following ldquohipsterrdquo markets offered some of the highest gross yields in rents for investors based on fair-market rents and median home pricesSt Paul Minn (55101) 1398 gross rent yieldPittsburgh (15203) 1084Norfolk Va (23510) 796Minneapolis (55401) 776Alexandria Va (22304) 766East Rutherford NJ (07073) 706Arlington Va (22203) 669Iowa City Iowa (52246) 649Seattle (98121) 618Bellevue Wash (98007) 595Minneapolis (55408) 593Sunnyside NY (11104) 590Hoboken NJ (07030) 588Astoria NY (11102) 568Brooklyn NY (11232) 566Silver Spring Md (20910) 546Chicago (60625) 518 Source RealtyTrac

Sales of new single-family homes skyrocketed in October ending a three-month slump that began in July and providing evidence that elevated mortgage rates have not seriously hobbled the housing recoveryNew-home sales leaped 254 percent from September to October to a seasonally adjusted annual rate of 444000 according to data released today by the US Cen-sus Bureau and the Department of Housing and Urban Development (HUD) On an annual basis sales of new single-family homes increased by 216 percentWhile the jump in mortgage rates that occurred last spring may have temporarily stymied home sales any blow to the market was ldquoentirely transitoryrdquo according to research firm Capital Economics Octoberrsquos new home sales were about equal to those recorded between January and June of this year despite the fact that average mortgage rates were 60 basis points higher in October

12712 EnglandOverland Park KS 66213Fontainbleau SubdivisionMLS 1860304$3180004 Bed 32 Bath

9513 W 164th PlaceOverland Park KS 66085WyngateMLS 1860662$4535004 Bed 31 Bath9504 W 164th PlaceOverland Park KS 66085WyngateMLS 1860523$4680004 Bed 31 Bath15921 Ballentine StreetOverland Park KS 66062Deer ValleyMLS 1860080$4690005 Bed 41 Bath

10111 Fontana LaneOverland Park KS 66207Cherry HillsMLS 1860510$3299004 Bed 31 Bath

NEW OVERLAND PARK LISTINGS

How Much Income Home Buyers Need to PurchaseThe necessary income it takes to buy a median-priced home varies quite a bit across the country In Cleveland you could earn $22000 a year and still afford a house but in San Francisco you need to earn six times that mdash $125072 HSH Associates a publisher of mortgage data evaluated 25 major metros to see how much income home buyers need to earn in order to purchase a me-dian-priced home and cover the principal and interest payment on the mortgage The survey uses median home price data from the National Association of REALTORSregrsquo third-quarter report and subtracts a 20 percent down payment from those numbers The list does not factor in taxes mandatory insurance or home owner fees Here are some of the cities where you would need to earn the least amount in order to purchase a median-priced home there Cleveland $22348Cincinnati $25151St Louis $25228Atlanta $26863Tampa $26930Orlando $29631Here are some of the cities that require the highest salaries to afford a median-priced home San Francisco $125072San Diego $85843Los Angeles $79177New York City $71255Boston $68956Washington DC $68345Source ldquoThe Salary You Must Earn to Buy a Home in 25 Citiesrdquo HSHcom (November 2013)

Making the Most of Your Buyersrsquo Winter Search

The holidays are the perfect time of year for some home buyers to purchase a house and snag a great year-end deal mdash but limited inventory may be the ScroogeAfter a challenging home-buying season in the spring and summer many buyers say they plan to reignite their home search during the winter according to a recent realtorcomreg survey Theyrsquore hoping for less competition from all-cash buyers and fewer bidding wars during that time However winter often brings about limited inventories of homes for sale so buyers will likely find fewer choices It seems that buyers expect that 45 percent of those surveyed in the realtorcomregWinter Home Buyer Report say they believe theyrsquoll be up against inventory challenges again during the winter monthsSome real estate agents are grappling with that issue by finding homes that arenrsquot officially on the market to increase their buyersrsquo choices They are even drum-ming up ldquoold expiresrdquo mdash homes that were listed several years ago but never sold mdash to see if the owner will reconsider selling Some brokers are also sending letters to home owners in their buyerrsquos preferred neighborhood to motivate a home owner to consider sellingStill buyers shopping for a home in winter may find sellers more amenable to striking a good deal Particularly during the holidays sellers can be highly motivat-ed to sell before the end of the year says Tim Deihl associate broker at Gibson Sothebyrsquos International Realty in Boston Buyers may be able to take advantage of that sellersrsquo urgencyldquoA seller whorsquos looking to move a piece of real estate during the holidays is a seller who needs to sell because nobody in their right mind would pick that as the most convenient time to list their propertyrdquo Deihl saysSource ldquoHoliday home-buying may pay offrdquo Bankratecom (Dec 2 2013)

Buying Tips and Info

How Does Your Property Tax Burden CompareProperty taxes are an important source of revenue for city governments but rates can vary substantially across the country Property taxes make up about one quarter of home ownership costs over the median duration of ownership according to a study by two researchers with the Urban-Brookings Tax Policy Center The studyrsquos authorsmdashBenjamin H Harris policy director of the Hamilton Project and Brian David Moore a research assistant at the Urban-Brookings Tax Policy Centermdashnote that several counties and states have tried to decrease the burden through homestead exemptions and other laws But property taxes tend to make up a big part of local revenues Indeed property taxes comprise 346 percent of total local revenues and nearly 64 per-cent of local own-source revenue the researchers note Nationwide 60 percent of counties in the country had an average tax burden between $500 and $1500 per home owner Home owners in about 13 percent of counties paid less on average and 27 percent paid more Only 3 percent of counties had average bills that were more than $4000 New York and New Jersey tend to have the highest number of counties with the highest property tax burdens Westchester Nassau and Bergen counties in New York had the three highest average tax burdens all more than $8500 This reflects higher home prices as well as a higher reliance on property taxes by the state and local governments there Higher rates of property taxes are mostly found in the Northeast and parts of the Midwest according to the researchersOn the other hand 24 counties had average taxes below $250 with the majority of those counties located in Alabama or Louisiana

The United Nations Now Uses Drones - Colin DailedaThe sky over the Democratic Republic of Congo is now dotted with two white dronesmdashthe first unmanned aircraft owned by the United NationsThey took off from the city of Goma on Tuesday where they will help the UN better monitor rebel activity along the nationrsquos borders with Uganda and Rwanda according to The GuardianThe peacekeeping organization was integral to recently defeating M23 a rebel group in the Democratic Republic of Congo that took over Goma at one point last year But for a nation that has been battered by vi-olent groups for around 20 years defeating one is not enough and the 20000 UN troops throughout the country have not been able to end the bloodshed Other rebel factions lurk amidst dense forest in remote Congolese terrain and the UN believes drones will help track their movementldquoThe UN hasnrsquot had good surveillance and intel gathering capability in general so this is an improvementrdquo Peter Singer director of the Center for 21st Century Security and Intelligence at the Brookings Institution told Mashable in an email He added that drones are not only better than people at monitoring wide swaths of land but can also monitor one area for much longer periods of timeThese pilotless aircraft are a type of drone known as Falcos built by a subsidiary of the Italian company Finmeccanica Theyrsquore equipped with only cameras have a range of about 150 miles and have a UN Security council mandate to fly over only Congolese territory The UN plans to launch another by the end of the month and two more next MarchIf the monitoring is successful peacekeeping drone operations may soon expand to other African countries such as South Sudan and MaliAccording to The Guardian South Sudanese officials have requested the unmanned aircraft likely to assist in tracking rebel groups within their own bordersMuch of Mali a North African nation was taken over by terrorist groups earlier this year and many fear that could happen again UN drones would be better able to monitor the activities of these groups than would soldiers of the Malian government

tech roundupApple says 74 percent of App Store users are running iOS 7BY JON FINGAS

Two can play the OS statistics game it seems Just a couple of days after Google noted that 11 percent of Android devices vis-iting Google Play are running KitKat Apple has revealed that 74 percent of recent App Store customers are using iOS 7 Thatrsquos a healthy 10-point improvement over what we saw in October when 64 percent were running Cupertinorsquos newest platform The differ-ences in OS adoption rates arenrsquot totally surprising mind you Ap-ple is targeting a narrower pool of hardware doesnrsquot have to wait for third-party approvals and recently launched two new iPadsthat could easily boost iOS 7 adoption Android by its nature targets a wider range ofdevices and software interfaces that wonrsquot always re-ceive updates at the same time We wouldnrsquot expect a big spike in KitKat use until larger phone makers like HTC and Samsung throw their full weight behind Googlersquos latest platform

Next-Gen USB Connector Coming for Tech Gadgets

The USB connector is getting a makeover with a new plug type that is smaller and reversible but donrsquot expect it to be compatible with all existing USB plugs Yoursquoll need an adapter to plug it into older devices TechSpot reports The new USB connector dubbed Type-C is being proposed by USB 30 Promoter Group It will ldquofinally stop issues with not being able to insert the plug correctly the first timerdquo TechSpot reports The new version will accept the plug from either end ldquoType-C will also be smaller than the current Type-A plug similar in size to the micro USB 20 connector [which is found in most modern cell phones]rdquo The connector will be used to deliver power video and data across devices Itrsquoll usher in a new ldquosuper-thin classrdquo of devices the USB 30 Promoter Group saysThe new connector is currently in development Itrsquos expected to be finalized by mid-2014 The Type-C connectors are being developed to be paired with USB 31 on new devices toward the end of next year USB 31 will boost power delivery to the devices

Source ldquoNew USB connector inbound set to be smaller and revers-iblerdquo TechSpot (Dec 4 2013) and ldquoNext-gen USB connector will (finally) fit both waysrdquo PCWorld (Dec 4 2013)

5 Budding Social Data Startups to Watch - Mashable

Itrsquos still unclear exactly how Apple plans to use Topsy the social media analytics firm the tech giant acquired on Monday for a reported $200 million The possible theories are intriguing and numerous speculation includes improvements to Siri building social integration into Apple TV and even the creation of an Apple search engine to rival Google on mobile devicesRegardless of Applersquos motivation though other companies that make money by analyzing social data such as public posts and tweets are taking away a major positive from the news validationDozens of startups are trying to make sense of the millions of so-cial media interactions that take place each day Brands are using social data to monitor advertising campaigns identify new cus-tomers and engage with existing customers

1 140 ProofSan Francisco-based 140 Proof has created what it calls a Blend-ed Interest Graph a tool that targets consumers based on their social media posts and helps advertisers reach the appropriate audience The company works with thousands of advertisers in-cluding big names like Kraft Chevy and Microsoft to surface ads on the web and on mobile where consumers use their social IDs (Think Tumblr and Wordpress blogs and mobile apps that require a social login)2 DataSiftThe other darling from this busy week DataSift announced a $42 million funding round on Tuesday pushing the companyrsquos financing total over $70 million Half of the employees in the company are engineers Bailey said and the new funding means DataSift will continue to hire aggressively3 GnipGnip is the third and final US company with access to the entire Twitter firehose a valuable commodity as it allows access to every tweet sent around the world4 LeadSiftLeadSift is a small startup even by this listrsquos standards That doesnrsquot mean it canrsquot churn out useful results for its customers though LeadSift uses social media to bring brands and retailers the perfect customers5 Lithium TechnologiesAnother social startup based in San Francisco (surprise surprise) Lithium helps its customers build their own social communities online often as part of larger company websites The move allows Lithium clients to better engage with fans and customers of the brand control where the conversation happens and become an active participant without relying exclusively on external sites like Facebook or TwitterThe company announced a ldquopre-IPOrdquo round of financing in Sep-tember netting $50 million to bring Lithiumrsquos total fundraising over $150 million There is no set timetable for the companyrsquos IPO according to sources close to Lithium but an IPO toward the back half of 2014 wouldnrsquot be a surprise

RESOURCESWebsitesReece amp Nichols | jasondavisreeceandnicholscomPersonalized MyNeighborhood Report | jasondavisreeceandnicholscompagesrequest-myneighborhood-reportDavis Property Advisory Group | dpagkccomFacebook Profile | facebookcomJasonMDavis247Facebook Page | facebookcomdavisadvisorygroupGoogle+ | googlU1S3DDTwitter | twittercomjasonmdavis247LinkedIn | linkedincominjasonmichaeldavisPinterest | pinterestcomjasonmdavisInstagram | instagramcomjasonmdavis247Vimeo | vimeocomuser8372884YouTube | youtubecomuserutubejmdavis

Phone NumbersMaryhelen Loya | Homeservices Lending | 9132070713Terry Werth | Homeservices Lending | 9132666635Natalie Latta | Homeservices Lending - Reno Loans | 9132848166Kristy Rayos | Continental Title | 9133383232Lisa VanNewenhouse | Continental Title | 8169314916Jeff Duncan | Omega Title | 8164565698Dan Speck | Danrsquos Handyman Service | 8164528761

dpagKCcom

Page 2: Davis Property Advisory Group Magazine 01.04

DPAG MagazinelsquoSeniorrsquo EditorProduction and Design DirectorSenior and Contributing WriterProducer and ProductionCopy and Editing ChiefResearch Art DirectorVideo DirectorDesign and Development Editor Senior Publicist

Jason M Davis jasonDPAGkccom

With Special Thanks ToReece amp Nichols REALTORSreg IncReece amp Nichols REALTORSreg Inc | College Blvd OfficeOwnerBroker | Jerry Reece - Reece amp Nichols REALTORSreg IncBroker | Harvey Kinnard - Reece amp Nichols REALTORSreg CB Office harveykreeceandnicholscomBroker | Dianna Kinnard - Reece amp Nichols REALTORSreg CB Office diannareeceandnicholscomBroker | Larry Wallace - Reece amp Nichols REALTORSreg Blue Springs Office larrywreeceandnicholscomLender | Maryhelen Loya - Homeservices Lending maryhelenloya2hslkccomLender | Terry Werth - Homeservices Lending terrilwerth hslkccomLender | Natalie Latta - Homeservices Lending natalielattahslkccomNational Association of RealtorsKansas City Regional Association of RealtorsSpecial Projects Consultant - Stephanie L Davis - SocialTerra Consulting stephanied3870gmailcomLate-Night Editing (and my Fiancersquo) Joanna Metsker

The information displayed on the following pages is confidential proprietary and copyrighted information of Heartland Multiple Listing Service Inc (Heartland MLS) copy 2013 Heartland Multiple Listing Service Inc Heartland MLS Davis Property Advisory Group and Jason M Davis do not make any warranty or representation concerning the timeliness or accuracy of the information displayed herein In consideration for the receipt of the information on this page the recipient agrees to use the information solely for the private non-commercial purpose of identifying a property in which the recipient has a good faith interest in acquiring The properties displayed on this website may not be all of the properties in the Heartland MLS database compilation or all of the properties listed with other brokers participating in the Heartland MLS programWe sure want everything here to be factbut sometimes technology time and other variables happen that change what is presented hereplease have faith that we hold your respect in the highest regard

Jason M Davis is an innovator with unconventional methods and unmatched standards in the real estate business Jason is an experienced Realtorreg and Strategic Marketing and Social Media Professional with the 1 Real Estate company in his market Reece amp Nichols REALTORSregJason is a deal closer Using his experience in business marketing design social media communications technology and negotiations Jason leverag-es proven results to provide the very best for his clientsWith a background in real estate design renovation and investment he pro-vides a consultative insight that is unmatched in the industry Jason holds a Masters degree in Business Administration from Baker University and a Mas-ters degree in Social Work from the University of Nevada Reno He also has extensive experience in marketing and Social Media Optimization (SMO) Jasonrsquos exceptional background truly sets him apart

There is no doubt of the increase in real estate decisions and transactions taking place online Ja-son leverages his proven reputation in the social media arena to develop a comprehensive home marketing plan His customized services and strategies groundbreaking ideas and collaborative approach set him apart and set his clients apart from the rest Jason works with his clients to em-ploy proven and innovative strategies that clients trustJason has focused his expertise and knowledge around many Kansas City areas including Leawood Overland Park Prairie Village Mission Hills Hallbrook Fairway Brookside the Country Club Plaza area Leersquos Summit and Blue Springs He takes pride in providing excellent service tak-ing the time to partner with clients and act as thei18bjpgr respectful and professional advocateIn his freetime Jason is a member of the Advisory Board for Operation Breakthrough as well as a member of the Family Advisory Board at Childrenrsquos Mercy Hospital He is happily engaged to Joanna the love of his life and has one child Zoe

Davis Property Advisory GroupJason M Davis

11100 Antioch Road Overland Park Kansas 66210 (c) 9134868509 (p) 9132665497 (f) 9139815497 Information infoDPAGkccom Jason Davis jasonDPAGkccom

4 NewServices Lending5 Voorheis Vale Properties

6 KC Real Estate News7 New Brookside Listings8 Real Estate News9 New Leawood Listings10 Seller Tips 11 New OP Listings

12 Buyer Tips and Strategies13 Tech Roundup15 Resources

CONTENTS November 2013

HomeServices Lending is a joint venture between Wells Fargo Home Mortgage and HomeServices of America a Berkshire Hathaway Affiliate You can rely on the long-standing strength of a well-estab-lished lender We provide a wide range of mortgage products for homebuyers in-cluding bull Conventional mortgages bull VA and FHA bull Larger loan amounts bull Investment property financing bull New construction and renova-tion loansAs a mortgage industry leader we are committed to helping as many customers as possible enjoy the personal benefits of homeownership As a responsible lending leader we work closely with customers to help them explore the home financing options that help meet individual budgets and homeownership goals

Maryhelen Loya has been with HomeServices Lending for sever-al years helping clients achieve their home-purchasing goals With years of prior experience in the lending industry Maryhelen is excellent with regards to lend-ing services but her real forte is with customer serviceand most clients continue using her in the years to comeMaryhelen was born and raised in the Kansas City Metropolitan Area and as a long-time resident is a strong supporter of our com-munity She is married to Shane and they have 2 children

Maryhelen Loya

Maryhelen LoyaNMLSR ID 4003367070 Renner RoadShawnee KS 66217(cell) 9132070713(office) 9133074160(fax) 8664376715maryhelenloya2hslkccomwwwhslkccommaryhelen-loya

Voorheis Vale - A Community for Everyone

2 and 3 Bedroom homes available from as low as $79900 Stop by and see all this wonderful community has to offer located in Independence Missouri at the intercention of Norfleet Rd and 47th Street and call 9134868509 to-day to make an appointment

jasondavisreeceandnicholscom

Jason M Davis MBA MSW ABR GREEN BPOR SFRRealtorreg|Strategic Marketing amp Social Media Professional

11100 Antioch Road | Overland Park KS 66210(c)9134868509 (f)9139815497

JasonDavisReeceandNicholscom or JasonDPAGKCcom

f

KC Real Estate News amp InfoPower amp Light BuildingAustin Alonzo Kansas City Business Journal

The 30-story 231000-square-foot Kansas City Power amp Light Co Building home to the electric utility from 1931 until 1992 is probably the most famous member of the downtown Kansas City skyline It was originally conceived as office space for the grow-ing KCPampL in the late 1920s The company chose Hoit Price and Barnes mdash which designed prominent Kansas City buildings such as 909 Walnut Municipal Auditorium and the Kansas City Museum at Corinthian Hall mdash as its architectResearch [PDF] from the Missouri Department of Natural Resourc-es said the steel-framed limestone-sheathed office building was built with heavy ornamentation mdash like other buildings built in the Art Deco style popular in the 1930s and 1940s mdash representing images of light and energy inside and out It is capped off with an internally illuminated six-story glass lantern The west side of building has few windows and lacks the decoration of the other fa-cade Plans originally called for a second building but the money was not there during the Great DepressionThe building is now inhabited by Kansas City architecture firm BNIM Recent plans have called for converting the building into residential space or weaving it into a plan to build a new conven-tion center hotel but nothing has come to pass yetAmirahmadi said the Power amp Light Building speaks to him be-cause it is a ldquolivingrdquo piece of art that both speaks to Kansas Cityrsquos glamorous past and inspires its futureldquoIt speaks to its time but at the same time is not datedrdquo Amirah-madi said ldquoIt has a charm and a character which is going to be attractive for generations to comerdquoOn a textbook level Amirahmadi said the building has a deep sensitivity for scale and proportion The building has a ldquotelescop-ingrdquo geometric appearance that tapers off from a wide square base on the bottom floors to a more narrow rectangular top section which narrows into the buildingrsquos signature lantern

River Market apartment project announced Rob Roberts - Kansas City Business Journal

KC Commercial Realty Group is planning a five-story 56-unit mar-ket-rate apartment building at the southeast corner of Fifth Street and Grand Boulevard in the River MarketThe project called Centropolis on Grand will be built on two vacant lots that the developers acquired from Lawson Bank and SAM Properties said Justin Cottrell a principal with KC Commer-cial RealtyCottrell said the developers will be seeking a standard property tax abatement mdash 100 percent for 10 years followed by 50 percent for 15 years mdash from the Planned Industrial Expansion Authority The estimated project cost is $8 million he saidThe building will include 52 one-bedroom units and four two-bed-room units Each unit will have one parking space on the first level of the structureConstruction of the 84000-square-foot structure will begin in spring 2014 with leasing to begin in the first quarter of 2015 The building is being designed by NSPJ Architects of Prairie Village The exterior elevations have been designed to have a historic feel to fit into the existing landscape of the River MarketThe name Centropolis on Grand is a nod to a historic hotel located at this intersection of the River Market from 1880 to 1940 The Centropolis Hotel was named by Major William Gilpin a map-maker and early booster of Kansas City As far back as 1859 Gilpin referred to Kansas City as ldquoCentropolisrdquo due to its close proximity to the geographical center of the United States The hotel was razed in 1941 as development in Kansas City moved southward In its peak vibrancy the Centropolis Hotel was a destination for movie stars and presidentsThe River Market site is located near the City Market a city-owned property that is privately managed by KC Commercial Realty GroupldquoThe River Market is an iconic Kansas City neighborhood and is an increasingly desirable place to liverdquo Cottrell said ldquoThe continued development of the neighborhood and the addition of the street-car make the Centropolis on Grand an attractive option for those interested in urban living We are excited to increase residential options and KC Commercial Realty Grouprsquos presence in the River Marketrdquo

11 E 66TH StreetKansas City MO 64113Armour HillsMLS 1858927$3249503 Bed 2 Bath

453 W 70th TerraceKansas City MO 64113Romanelli GardensMLS 1859279$4750004 Bed 31 Bath600 W 67th StreetKansas City MO 64113Armour FieldsMLS 1859279$6250004 Bed 31 Bath833 W 57th TerraceKansas City MO 64113Country Club RidgeMLS 1858909$7150004 Bed 51 Bath

1225 W 67th StreetKansas City MO 64113Romanelli West SubdivisionMLS 1860213$4490003 Bed 21 Bath

NEW BROOKSIDE LISTINGS

Financial and National News

4 Things You Didnrsquot Know About the Fair Housing Act - Meg WhiteUsually I try to point Book Scan readers to the written word but occasionally I find a piece of audio worth recommending Last time I pointed you toward a wonderful novel about a real estate agent but this time Irsquom suggesting a podcast Yesterday I was listening to This American Life an NPR radio show produced by my local station WBEZ The show produces one hour of radio a week usually with several segments organized around a central theme If you have never listened before the Nov 22 episode is a great place to start if yoursquore in real estate The show titled ldquoHouse Rulesrdquo addresses the idea of ldquodestiny by addressrdquo through an examination of the 1968 Fair Housing ActOne might argue that real estate professionals know more than the average bear about the Fair Housing Act since itrsquos so integral to the housing industry in this country But here are a few items that you might not know about fair housing in America and the legislation itself1 The federal government pretty much invented redlining 2 Walter Mondalersquos sponsorship of the Fair Housing Act was something of a fluke 3 One book that likely never would have made it to print today had a big impact President Johnson convened the National Advisory Commission on Civil Disorders known as the Kerner Commission to look at the causes of the race riots that rocked many American cities between 1965 and 19684 The Fair Housing Act had a legislative precursorhellip signed into law less than one year after Abraham Lincolnrsquos death Yes the Civil Rights Act of 1866 prohibited all racial discrimination in the sale or rental of property But be-cause it did not contain any federal penalties for violators more specific legislation was necessary during the civil rights era to actually accomplish many of the goals set out by this initial actFind much more at NARrsquos online home for the Fair Housing Program Itrsquos not too early to start gathering ideas and supplies to celebrate Fair Housing Month this coming April

Spike in New-Home Sales lsquoNegatesrsquo Interest-Rate TroubleSource NAHBSingle-family new-home sales posted a sharp rise in October up 254 percent from September according to newly released Census Bureau data That was a similar rate to last spring when the new-home market was taking off in recovery mode Across the country all regions posted double-digit gains in new-home sales in October In the Midwest they jumped 34 percent 282 percent in the South 192 percent in the Northeast and 152 percent in the West As sales gained inventory levels fell to a 49-month supply ldquoThe strong October results return us to the sales levels we saw earlier this year and negate the pause caused by the sudden jump in interest ratesrdquo says David Crowe chief economist for the National Association of Home Builders ldquoWe expect sales to continue to rise as pent-up demand is released and first-time home buyers creep back into the marketrdquoHowever some economists and analysts point to several headwinds that persist and could dampen sales in the coming months ldquoThe market is stabilizing but maybe it hasnrsquot come back to the degree that todayrsquos data would suggestrdquo says Mark Zandi chief economist for Moodyrsquos Analytics Several recent homebuilder surveys have shown new-home sales posting much more modest increases mdash or even falling Builders have blamed a 1 percentage point rise in interest rates be-tween May and September as one big culprit in slowing new-home sales in their markets Also double-digit percentage increases in the price of new homes has sidelined some buyers The average price for a new home was $321700 in October according to Census data That puts it on par with the average price during the 2006-07 boom times But with a slight pullback recently in interest rate increases and a small increase in economic confidence some buyers have come off the fence this fall ldquoItrsquos more active nowrdquo Brendan Wright a real estate professional at At-lanta Fine Homes Sothebyrsquos International told The Wall Street Journal ldquoThere was so much activity in the spring and summer that the people who missed the boat then are circling back now as opposed to waiting for next springrdquo

Farewell To an Amazing Hero

12705 Briar StreetLeawood KS 66209Highlands of LeawoodMLS 1859422$3299004 Bed31 Bath

9821 Lee CircleLeawood KS 66206Leawood EstatesMLS 1858084$4750003 Bed2 Bath3006 W 147th StreetLeawood KS 66224Leabrooke HighlandsMLS 1857749$4787805 Bed5 Bath3621 W 121st TerraceLeawood KS 66209Bradford PlaceMLS 1859540$7749506 Bed51 Bath

5200 W 112th StreetLeawood KS 66211Leawood Country ManorMLS 1859148$3750005 Bed41 Bath

NEW LEAWOOD LISTINGS

Home Buyers Plan to Make a Move This WinterHome buyers who werenrsquot successful this summer at finding a home due to limited inventories and competition from all-cash offers are looking to retry their luck in the winter according to realtorcomregrsquos Winter Home Buyer Report ldquoThis summer and spring home-buying season was particularly challenging for buyers especially first-time home buyers trying to compete with all-cash offers and bidding wars because of reduced inventoryrdquo says Alison Schwartz vice president of corporate communications at realtorcomreg ldquoIn fact a quarter of the winter home buyers revealed they are in the market now because they were unable to find a home during this last home-buying seasonrdquoBut winter home buyers know theyrsquoll face some challenges Forty-five percent of those surveyed say they believe they will be up against inventory challenges again with few homes for sale within the price range they desire Twenty-nine percent also say that winter weather makes house-hunting unpleasant But they believe that the winter can be a good time to buy a home Twenty-six percent say winter is a good time to buy because they feel sellers will be more motivated and willing to negotiate Twenty-four percent also say they think home prices will be betterOf those looking to buy this winter 23 percent are planning to make a down pay-ment of 10 to 20 percent according to the realtorcomreg survey Twenty-two percent are planning to put down 21 to 99 percent in cash 19 percent plan to put down 100 percent cash and 13 percent are planning to make a down payment of 35 percent to qualify for a Federal Housing Administration loan Source realtorcom (Nov 20 2013)

SELLINGTIPS AND INFO

Investors Target lsquoHipstersrsquoThink hipsters arenrsquot as cool as they think they are Take a look at their effects on housingThe hipster lifestyle can have a ldquomajor impact on lo-cal real estate markets and mostly in a positive wayrdquo says Daren Blomquist vice president of RealtyTrac Neighborhoods that are branded as ldquohipsterrdquo often offer trendy restaurants coffee shops and other amenities mdash and thatrsquos likely to see property values and rental rates rise Blomquist saysSavvy real estate investors are even targeting hipster markets to purchase rental properties betting that they will offer up steady cash flow and strong appreciationRealtyTrac analyzed ZIP codes across the country to identify ldquohyper-local hipsterrdquo markets that offer investors solid returns on rental properties and boast low vacancy rates For its survey RealtyTrac identified ZIP codes where at least 20 percent of the popula-tion is between 25 and 34 years old mdash prime hipster age RealtyTrac also looked at densely populated neighborhoods that are walkable or use public transportation and where renters account for at least 50 percent of all housing units and vacancy rates are 5 percent or lessThe following ldquohipsterrdquo markets offered some of the highest gross yields in rents for investors based on fair-market rents and median home pricesSt Paul Minn (55101) 1398 gross rent yieldPittsburgh (15203) 1084Norfolk Va (23510) 796Minneapolis (55401) 776Alexandria Va (22304) 766East Rutherford NJ (07073) 706Arlington Va (22203) 669Iowa City Iowa (52246) 649Seattle (98121) 618Bellevue Wash (98007) 595Minneapolis (55408) 593Sunnyside NY (11104) 590Hoboken NJ (07030) 588Astoria NY (11102) 568Brooklyn NY (11232) 566Silver Spring Md (20910) 546Chicago (60625) 518 Source RealtyTrac

Sales of new single-family homes skyrocketed in October ending a three-month slump that began in July and providing evidence that elevated mortgage rates have not seriously hobbled the housing recoveryNew-home sales leaped 254 percent from September to October to a seasonally adjusted annual rate of 444000 according to data released today by the US Cen-sus Bureau and the Department of Housing and Urban Development (HUD) On an annual basis sales of new single-family homes increased by 216 percentWhile the jump in mortgage rates that occurred last spring may have temporarily stymied home sales any blow to the market was ldquoentirely transitoryrdquo according to research firm Capital Economics Octoberrsquos new home sales were about equal to those recorded between January and June of this year despite the fact that average mortgage rates were 60 basis points higher in October

12712 EnglandOverland Park KS 66213Fontainbleau SubdivisionMLS 1860304$3180004 Bed 32 Bath

9513 W 164th PlaceOverland Park KS 66085WyngateMLS 1860662$4535004 Bed 31 Bath9504 W 164th PlaceOverland Park KS 66085WyngateMLS 1860523$4680004 Bed 31 Bath15921 Ballentine StreetOverland Park KS 66062Deer ValleyMLS 1860080$4690005 Bed 41 Bath

10111 Fontana LaneOverland Park KS 66207Cherry HillsMLS 1860510$3299004 Bed 31 Bath

NEW OVERLAND PARK LISTINGS

How Much Income Home Buyers Need to PurchaseThe necessary income it takes to buy a median-priced home varies quite a bit across the country In Cleveland you could earn $22000 a year and still afford a house but in San Francisco you need to earn six times that mdash $125072 HSH Associates a publisher of mortgage data evaluated 25 major metros to see how much income home buyers need to earn in order to purchase a me-dian-priced home and cover the principal and interest payment on the mortgage The survey uses median home price data from the National Association of REALTORSregrsquo third-quarter report and subtracts a 20 percent down payment from those numbers The list does not factor in taxes mandatory insurance or home owner fees Here are some of the cities where you would need to earn the least amount in order to purchase a median-priced home there Cleveland $22348Cincinnati $25151St Louis $25228Atlanta $26863Tampa $26930Orlando $29631Here are some of the cities that require the highest salaries to afford a median-priced home San Francisco $125072San Diego $85843Los Angeles $79177New York City $71255Boston $68956Washington DC $68345Source ldquoThe Salary You Must Earn to Buy a Home in 25 Citiesrdquo HSHcom (November 2013)

Making the Most of Your Buyersrsquo Winter Search

The holidays are the perfect time of year for some home buyers to purchase a house and snag a great year-end deal mdash but limited inventory may be the ScroogeAfter a challenging home-buying season in the spring and summer many buyers say they plan to reignite their home search during the winter according to a recent realtorcomreg survey Theyrsquore hoping for less competition from all-cash buyers and fewer bidding wars during that time However winter often brings about limited inventories of homes for sale so buyers will likely find fewer choices It seems that buyers expect that 45 percent of those surveyed in the realtorcomregWinter Home Buyer Report say they believe theyrsquoll be up against inventory challenges again during the winter monthsSome real estate agents are grappling with that issue by finding homes that arenrsquot officially on the market to increase their buyersrsquo choices They are even drum-ming up ldquoold expiresrdquo mdash homes that were listed several years ago but never sold mdash to see if the owner will reconsider selling Some brokers are also sending letters to home owners in their buyerrsquos preferred neighborhood to motivate a home owner to consider sellingStill buyers shopping for a home in winter may find sellers more amenable to striking a good deal Particularly during the holidays sellers can be highly motivat-ed to sell before the end of the year says Tim Deihl associate broker at Gibson Sothebyrsquos International Realty in Boston Buyers may be able to take advantage of that sellersrsquo urgencyldquoA seller whorsquos looking to move a piece of real estate during the holidays is a seller who needs to sell because nobody in their right mind would pick that as the most convenient time to list their propertyrdquo Deihl saysSource ldquoHoliday home-buying may pay offrdquo Bankratecom (Dec 2 2013)

Buying Tips and Info

How Does Your Property Tax Burden CompareProperty taxes are an important source of revenue for city governments but rates can vary substantially across the country Property taxes make up about one quarter of home ownership costs over the median duration of ownership according to a study by two researchers with the Urban-Brookings Tax Policy Center The studyrsquos authorsmdashBenjamin H Harris policy director of the Hamilton Project and Brian David Moore a research assistant at the Urban-Brookings Tax Policy Centermdashnote that several counties and states have tried to decrease the burden through homestead exemptions and other laws But property taxes tend to make up a big part of local revenues Indeed property taxes comprise 346 percent of total local revenues and nearly 64 per-cent of local own-source revenue the researchers note Nationwide 60 percent of counties in the country had an average tax burden between $500 and $1500 per home owner Home owners in about 13 percent of counties paid less on average and 27 percent paid more Only 3 percent of counties had average bills that were more than $4000 New York and New Jersey tend to have the highest number of counties with the highest property tax burdens Westchester Nassau and Bergen counties in New York had the three highest average tax burdens all more than $8500 This reflects higher home prices as well as a higher reliance on property taxes by the state and local governments there Higher rates of property taxes are mostly found in the Northeast and parts of the Midwest according to the researchersOn the other hand 24 counties had average taxes below $250 with the majority of those counties located in Alabama or Louisiana

The United Nations Now Uses Drones - Colin DailedaThe sky over the Democratic Republic of Congo is now dotted with two white dronesmdashthe first unmanned aircraft owned by the United NationsThey took off from the city of Goma on Tuesday where they will help the UN better monitor rebel activity along the nationrsquos borders with Uganda and Rwanda according to The GuardianThe peacekeeping organization was integral to recently defeating M23 a rebel group in the Democratic Republic of Congo that took over Goma at one point last year But for a nation that has been battered by vi-olent groups for around 20 years defeating one is not enough and the 20000 UN troops throughout the country have not been able to end the bloodshed Other rebel factions lurk amidst dense forest in remote Congolese terrain and the UN believes drones will help track their movementldquoThe UN hasnrsquot had good surveillance and intel gathering capability in general so this is an improvementrdquo Peter Singer director of the Center for 21st Century Security and Intelligence at the Brookings Institution told Mashable in an email He added that drones are not only better than people at monitoring wide swaths of land but can also monitor one area for much longer periods of timeThese pilotless aircraft are a type of drone known as Falcos built by a subsidiary of the Italian company Finmeccanica Theyrsquore equipped with only cameras have a range of about 150 miles and have a UN Security council mandate to fly over only Congolese territory The UN plans to launch another by the end of the month and two more next MarchIf the monitoring is successful peacekeeping drone operations may soon expand to other African countries such as South Sudan and MaliAccording to The Guardian South Sudanese officials have requested the unmanned aircraft likely to assist in tracking rebel groups within their own bordersMuch of Mali a North African nation was taken over by terrorist groups earlier this year and many fear that could happen again UN drones would be better able to monitor the activities of these groups than would soldiers of the Malian government

tech roundupApple says 74 percent of App Store users are running iOS 7BY JON FINGAS

Two can play the OS statistics game it seems Just a couple of days after Google noted that 11 percent of Android devices vis-iting Google Play are running KitKat Apple has revealed that 74 percent of recent App Store customers are using iOS 7 Thatrsquos a healthy 10-point improvement over what we saw in October when 64 percent were running Cupertinorsquos newest platform The differ-ences in OS adoption rates arenrsquot totally surprising mind you Ap-ple is targeting a narrower pool of hardware doesnrsquot have to wait for third-party approvals and recently launched two new iPadsthat could easily boost iOS 7 adoption Android by its nature targets a wider range ofdevices and software interfaces that wonrsquot always re-ceive updates at the same time We wouldnrsquot expect a big spike in KitKat use until larger phone makers like HTC and Samsung throw their full weight behind Googlersquos latest platform

Next-Gen USB Connector Coming for Tech Gadgets

The USB connector is getting a makeover with a new plug type that is smaller and reversible but donrsquot expect it to be compatible with all existing USB plugs Yoursquoll need an adapter to plug it into older devices TechSpot reports The new USB connector dubbed Type-C is being proposed by USB 30 Promoter Group It will ldquofinally stop issues with not being able to insert the plug correctly the first timerdquo TechSpot reports The new version will accept the plug from either end ldquoType-C will also be smaller than the current Type-A plug similar in size to the micro USB 20 connector [which is found in most modern cell phones]rdquo The connector will be used to deliver power video and data across devices Itrsquoll usher in a new ldquosuper-thin classrdquo of devices the USB 30 Promoter Group saysThe new connector is currently in development Itrsquos expected to be finalized by mid-2014 The Type-C connectors are being developed to be paired with USB 31 on new devices toward the end of next year USB 31 will boost power delivery to the devices

Source ldquoNew USB connector inbound set to be smaller and revers-iblerdquo TechSpot (Dec 4 2013) and ldquoNext-gen USB connector will (finally) fit both waysrdquo PCWorld (Dec 4 2013)

5 Budding Social Data Startups to Watch - Mashable

Itrsquos still unclear exactly how Apple plans to use Topsy the social media analytics firm the tech giant acquired on Monday for a reported $200 million The possible theories are intriguing and numerous speculation includes improvements to Siri building social integration into Apple TV and even the creation of an Apple search engine to rival Google on mobile devicesRegardless of Applersquos motivation though other companies that make money by analyzing social data such as public posts and tweets are taking away a major positive from the news validationDozens of startups are trying to make sense of the millions of so-cial media interactions that take place each day Brands are using social data to monitor advertising campaigns identify new cus-tomers and engage with existing customers

1 140 ProofSan Francisco-based 140 Proof has created what it calls a Blend-ed Interest Graph a tool that targets consumers based on their social media posts and helps advertisers reach the appropriate audience The company works with thousands of advertisers in-cluding big names like Kraft Chevy and Microsoft to surface ads on the web and on mobile where consumers use their social IDs (Think Tumblr and Wordpress blogs and mobile apps that require a social login)2 DataSiftThe other darling from this busy week DataSift announced a $42 million funding round on Tuesday pushing the companyrsquos financing total over $70 million Half of the employees in the company are engineers Bailey said and the new funding means DataSift will continue to hire aggressively3 GnipGnip is the third and final US company with access to the entire Twitter firehose a valuable commodity as it allows access to every tweet sent around the world4 LeadSiftLeadSift is a small startup even by this listrsquos standards That doesnrsquot mean it canrsquot churn out useful results for its customers though LeadSift uses social media to bring brands and retailers the perfect customers5 Lithium TechnologiesAnother social startup based in San Francisco (surprise surprise) Lithium helps its customers build their own social communities online often as part of larger company websites The move allows Lithium clients to better engage with fans and customers of the brand control where the conversation happens and become an active participant without relying exclusively on external sites like Facebook or TwitterThe company announced a ldquopre-IPOrdquo round of financing in Sep-tember netting $50 million to bring Lithiumrsquos total fundraising over $150 million There is no set timetable for the companyrsquos IPO according to sources close to Lithium but an IPO toward the back half of 2014 wouldnrsquot be a surprise

RESOURCESWebsitesReece amp Nichols | jasondavisreeceandnicholscomPersonalized MyNeighborhood Report | jasondavisreeceandnicholscompagesrequest-myneighborhood-reportDavis Property Advisory Group | dpagkccomFacebook Profile | facebookcomJasonMDavis247Facebook Page | facebookcomdavisadvisorygroupGoogle+ | googlU1S3DDTwitter | twittercomjasonmdavis247LinkedIn | linkedincominjasonmichaeldavisPinterest | pinterestcomjasonmdavisInstagram | instagramcomjasonmdavis247Vimeo | vimeocomuser8372884YouTube | youtubecomuserutubejmdavis

Phone NumbersMaryhelen Loya | Homeservices Lending | 9132070713Terry Werth | Homeservices Lending | 9132666635Natalie Latta | Homeservices Lending - Reno Loans | 9132848166Kristy Rayos | Continental Title | 9133383232Lisa VanNewenhouse | Continental Title | 8169314916Jeff Duncan | Omega Title | 8164565698Dan Speck | Danrsquos Handyman Service | 8164528761

dpagKCcom

Page 3: Davis Property Advisory Group Magazine 01.04

Jason M Davis is an innovator with unconventional methods and unmatched standards in the real estate business Jason is an experienced Realtorreg and Strategic Marketing and Social Media Professional with the 1 Real Estate company in his market Reece amp Nichols REALTORSregJason is a deal closer Using his experience in business marketing design social media communications technology and negotiations Jason leverag-es proven results to provide the very best for his clientsWith a background in real estate design renovation and investment he pro-vides a consultative insight that is unmatched in the industry Jason holds a Masters degree in Business Administration from Baker University and a Mas-ters degree in Social Work from the University of Nevada Reno He also has extensive experience in marketing and Social Media Optimization (SMO) Jasonrsquos exceptional background truly sets him apart

There is no doubt of the increase in real estate decisions and transactions taking place online Ja-son leverages his proven reputation in the social media arena to develop a comprehensive home marketing plan His customized services and strategies groundbreaking ideas and collaborative approach set him apart and set his clients apart from the rest Jason works with his clients to em-ploy proven and innovative strategies that clients trustJason has focused his expertise and knowledge around many Kansas City areas including Leawood Overland Park Prairie Village Mission Hills Hallbrook Fairway Brookside the Country Club Plaza area Leersquos Summit and Blue Springs He takes pride in providing excellent service tak-ing the time to partner with clients and act as thei18bjpgr respectful and professional advocateIn his freetime Jason is a member of the Advisory Board for Operation Breakthrough as well as a member of the Family Advisory Board at Childrenrsquos Mercy Hospital He is happily engaged to Joanna the love of his life and has one child Zoe

Davis Property Advisory GroupJason M Davis

11100 Antioch Road Overland Park Kansas 66210 (c) 9134868509 (p) 9132665497 (f) 9139815497 Information infoDPAGkccom Jason Davis jasonDPAGkccom

4 NewServices Lending5 Voorheis Vale Properties

6 KC Real Estate News7 New Brookside Listings8 Real Estate News9 New Leawood Listings10 Seller Tips 11 New OP Listings

12 Buyer Tips and Strategies13 Tech Roundup15 Resources

CONTENTS November 2013

HomeServices Lending is a joint venture between Wells Fargo Home Mortgage and HomeServices of America a Berkshire Hathaway Affiliate You can rely on the long-standing strength of a well-estab-lished lender We provide a wide range of mortgage products for homebuyers in-cluding bull Conventional mortgages bull VA and FHA bull Larger loan amounts bull Investment property financing bull New construction and renova-tion loansAs a mortgage industry leader we are committed to helping as many customers as possible enjoy the personal benefits of homeownership As a responsible lending leader we work closely with customers to help them explore the home financing options that help meet individual budgets and homeownership goals

Maryhelen Loya has been with HomeServices Lending for sever-al years helping clients achieve their home-purchasing goals With years of prior experience in the lending industry Maryhelen is excellent with regards to lend-ing services but her real forte is with customer serviceand most clients continue using her in the years to comeMaryhelen was born and raised in the Kansas City Metropolitan Area and as a long-time resident is a strong supporter of our com-munity She is married to Shane and they have 2 children

Maryhelen Loya

Maryhelen LoyaNMLSR ID 4003367070 Renner RoadShawnee KS 66217(cell) 9132070713(office) 9133074160(fax) 8664376715maryhelenloya2hslkccomwwwhslkccommaryhelen-loya

Voorheis Vale - A Community for Everyone

2 and 3 Bedroom homes available from as low as $79900 Stop by and see all this wonderful community has to offer located in Independence Missouri at the intercention of Norfleet Rd and 47th Street and call 9134868509 to-day to make an appointment

jasondavisreeceandnicholscom

Jason M Davis MBA MSW ABR GREEN BPOR SFRRealtorreg|Strategic Marketing amp Social Media Professional

11100 Antioch Road | Overland Park KS 66210(c)9134868509 (f)9139815497

JasonDavisReeceandNicholscom or JasonDPAGKCcom

f

KC Real Estate News amp InfoPower amp Light BuildingAustin Alonzo Kansas City Business Journal

The 30-story 231000-square-foot Kansas City Power amp Light Co Building home to the electric utility from 1931 until 1992 is probably the most famous member of the downtown Kansas City skyline It was originally conceived as office space for the grow-ing KCPampL in the late 1920s The company chose Hoit Price and Barnes mdash which designed prominent Kansas City buildings such as 909 Walnut Municipal Auditorium and the Kansas City Museum at Corinthian Hall mdash as its architectResearch [PDF] from the Missouri Department of Natural Resourc-es said the steel-framed limestone-sheathed office building was built with heavy ornamentation mdash like other buildings built in the Art Deco style popular in the 1930s and 1940s mdash representing images of light and energy inside and out It is capped off with an internally illuminated six-story glass lantern The west side of building has few windows and lacks the decoration of the other fa-cade Plans originally called for a second building but the money was not there during the Great DepressionThe building is now inhabited by Kansas City architecture firm BNIM Recent plans have called for converting the building into residential space or weaving it into a plan to build a new conven-tion center hotel but nothing has come to pass yetAmirahmadi said the Power amp Light Building speaks to him be-cause it is a ldquolivingrdquo piece of art that both speaks to Kansas Cityrsquos glamorous past and inspires its futureldquoIt speaks to its time but at the same time is not datedrdquo Amirah-madi said ldquoIt has a charm and a character which is going to be attractive for generations to comerdquoOn a textbook level Amirahmadi said the building has a deep sensitivity for scale and proportion The building has a ldquotelescop-ingrdquo geometric appearance that tapers off from a wide square base on the bottom floors to a more narrow rectangular top section which narrows into the buildingrsquos signature lantern

River Market apartment project announced Rob Roberts - Kansas City Business Journal

KC Commercial Realty Group is planning a five-story 56-unit mar-ket-rate apartment building at the southeast corner of Fifth Street and Grand Boulevard in the River MarketThe project called Centropolis on Grand will be built on two vacant lots that the developers acquired from Lawson Bank and SAM Properties said Justin Cottrell a principal with KC Commer-cial RealtyCottrell said the developers will be seeking a standard property tax abatement mdash 100 percent for 10 years followed by 50 percent for 15 years mdash from the Planned Industrial Expansion Authority The estimated project cost is $8 million he saidThe building will include 52 one-bedroom units and four two-bed-room units Each unit will have one parking space on the first level of the structureConstruction of the 84000-square-foot structure will begin in spring 2014 with leasing to begin in the first quarter of 2015 The building is being designed by NSPJ Architects of Prairie Village The exterior elevations have been designed to have a historic feel to fit into the existing landscape of the River MarketThe name Centropolis on Grand is a nod to a historic hotel located at this intersection of the River Market from 1880 to 1940 The Centropolis Hotel was named by Major William Gilpin a map-maker and early booster of Kansas City As far back as 1859 Gilpin referred to Kansas City as ldquoCentropolisrdquo due to its close proximity to the geographical center of the United States The hotel was razed in 1941 as development in Kansas City moved southward In its peak vibrancy the Centropolis Hotel was a destination for movie stars and presidentsThe River Market site is located near the City Market a city-owned property that is privately managed by KC Commercial Realty GroupldquoThe River Market is an iconic Kansas City neighborhood and is an increasingly desirable place to liverdquo Cottrell said ldquoThe continued development of the neighborhood and the addition of the street-car make the Centropolis on Grand an attractive option for those interested in urban living We are excited to increase residential options and KC Commercial Realty Grouprsquos presence in the River Marketrdquo

11 E 66TH StreetKansas City MO 64113Armour HillsMLS 1858927$3249503 Bed 2 Bath

453 W 70th TerraceKansas City MO 64113Romanelli GardensMLS 1859279$4750004 Bed 31 Bath600 W 67th StreetKansas City MO 64113Armour FieldsMLS 1859279$6250004 Bed 31 Bath833 W 57th TerraceKansas City MO 64113Country Club RidgeMLS 1858909$7150004 Bed 51 Bath

1225 W 67th StreetKansas City MO 64113Romanelli West SubdivisionMLS 1860213$4490003 Bed 21 Bath

NEW BROOKSIDE LISTINGS

Financial and National News

4 Things You Didnrsquot Know About the Fair Housing Act - Meg WhiteUsually I try to point Book Scan readers to the written word but occasionally I find a piece of audio worth recommending Last time I pointed you toward a wonderful novel about a real estate agent but this time Irsquom suggesting a podcast Yesterday I was listening to This American Life an NPR radio show produced by my local station WBEZ The show produces one hour of radio a week usually with several segments organized around a central theme If you have never listened before the Nov 22 episode is a great place to start if yoursquore in real estate The show titled ldquoHouse Rulesrdquo addresses the idea of ldquodestiny by addressrdquo through an examination of the 1968 Fair Housing ActOne might argue that real estate professionals know more than the average bear about the Fair Housing Act since itrsquos so integral to the housing industry in this country But here are a few items that you might not know about fair housing in America and the legislation itself1 The federal government pretty much invented redlining 2 Walter Mondalersquos sponsorship of the Fair Housing Act was something of a fluke 3 One book that likely never would have made it to print today had a big impact President Johnson convened the National Advisory Commission on Civil Disorders known as the Kerner Commission to look at the causes of the race riots that rocked many American cities between 1965 and 19684 The Fair Housing Act had a legislative precursorhellip signed into law less than one year after Abraham Lincolnrsquos death Yes the Civil Rights Act of 1866 prohibited all racial discrimination in the sale or rental of property But be-cause it did not contain any federal penalties for violators more specific legislation was necessary during the civil rights era to actually accomplish many of the goals set out by this initial actFind much more at NARrsquos online home for the Fair Housing Program Itrsquos not too early to start gathering ideas and supplies to celebrate Fair Housing Month this coming April

Spike in New-Home Sales lsquoNegatesrsquo Interest-Rate TroubleSource NAHBSingle-family new-home sales posted a sharp rise in October up 254 percent from September according to newly released Census Bureau data That was a similar rate to last spring when the new-home market was taking off in recovery mode Across the country all regions posted double-digit gains in new-home sales in October In the Midwest they jumped 34 percent 282 percent in the South 192 percent in the Northeast and 152 percent in the West As sales gained inventory levels fell to a 49-month supply ldquoThe strong October results return us to the sales levels we saw earlier this year and negate the pause caused by the sudden jump in interest ratesrdquo says David Crowe chief economist for the National Association of Home Builders ldquoWe expect sales to continue to rise as pent-up demand is released and first-time home buyers creep back into the marketrdquoHowever some economists and analysts point to several headwinds that persist and could dampen sales in the coming months ldquoThe market is stabilizing but maybe it hasnrsquot come back to the degree that todayrsquos data would suggestrdquo says Mark Zandi chief economist for Moodyrsquos Analytics Several recent homebuilder surveys have shown new-home sales posting much more modest increases mdash or even falling Builders have blamed a 1 percentage point rise in interest rates be-tween May and September as one big culprit in slowing new-home sales in their markets Also double-digit percentage increases in the price of new homes has sidelined some buyers The average price for a new home was $321700 in October according to Census data That puts it on par with the average price during the 2006-07 boom times But with a slight pullback recently in interest rate increases and a small increase in economic confidence some buyers have come off the fence this fall ldquoItrsquos more active nowrdquo Brendan Wright a real estate professional at At-lanta Fine Homes Sothebyrsquos International told The Wall Street Journal ldquoThere was so much activity in the spring and summer that the people who missed the boat then are circling back now as opposed to waiting for next springrdquo

Farewell To an Amazing Hero

12705 Briar StreetLeawood KS 66209Highlands of LeawoodMLS 1859422$3299004 Bed31 Bath

9821 Lee CircleLeawood KS 66206Leawood EstatesMLS 1858084$4750003 Bed2 Bath3006 W 147th StreetLeawood KS 66224Leabrooke HighlandsMLS 1857749$4787805 Bed5 Bath3621 W 121st TerraceLeawood KS 66209Bradford PlaceMLS 1859540$7749506 Bed51 Bath

5200 W 112th StreetLeawood KS 66211Leawood Country ManorMLS 1859148$3750005 Bed41 Bath

NEW LEAWOOD LISTINGS

Home Buyers Plan to Make a Move This WinterHome buyers who werenrsquot successful this summer at finding a home due to limited inventories and competition from all-cash offers are looking to retry their luck in the winter according to realtorcomregrsquos Winter Home Buyer Report ldquoThis summer and spring home-buying season was particularly challenging for buyers especially first-time home buyers trying to compete with all-cash offers and bidding wars because of reduced inventoryrdquo says Alison Schwartz vice president of corporate communications at realtorcomreg ldquoIn fact a quarter of the winter home buyers revealed they are in the market now because they were unable to find a home during this last home-buying seasonrdquoBut winter home buyers know theyrsquoll face some challenges Forty-five percent of those surveyed say they believe they will be up against inventory challenges again with few homes for sale within the price range they desire Twenty-nine percent also say that winter weather makes house-hunting unpleasant But they believe that the winter can be a good time to buy a home Twenty-six percent say winter is a good time to buy because they feel sellers will be more motivated and willing to negotiate Twenty-four percent also say they think home prices will be betterOf those looking to buy this winter 23 percent are planning to make a down pay-ment of 10 to 20 percent according to the realtorcomreg survey Twenty-two percent are planning to put down 21 to 99 percent in cash 19 percent plan to put down 100 percent cash and 13 percent are planning to make a down payment of 35 percent to qualify for a Federal Housing Administration loan Source realtorcom (Nov 20 2013)

SELLINGTIPS AND INFO

Investors Target lsquoHipstersrsquoThink hipsters arenrsquot as cool as they think they are Take a look at their effects on housingThe hipster lifestyle can have a ldquomajor impact on lo-cal real estate markets and mostly in a positive wayrdquo says Daren Blomquist vice president of RealtyTrac Neighborhoods that are branded as ldquohipsterrdquo often offer trendy restaurants coffee shops and other amenities mdash and thatrsquos likely to see property values and rental rates rise Blomquist saysSavvy real estate investors are even targeting hipster markets to purchase rental properties betting that they will offer up steady cash flow and strong appreciationRealtyTrac analyzed ZIP codes across the country to identify ldquohyper-local hipsterrdquo markets that offer investors solid returns on rental properties and boast low vacancy rates For its survey RealtyTrac identified ZIP codes where at least 20 percent of the popula-tion is between 25 and 34 years old mdash prime hipster age RealtyTrac also looked at densely populated neighborhoods that are walkable or use public transportation and where renters account for at least 50 percent of all housing units and vacancy rates are 5 percent or lessThe following ldquohipsterrdquo markets offered some of the highest gross yields in rents for investors based on fair-market rents and median home pricesSt Paul Minn (55101) 1398 gross rent yieldPittsburgh (15203) 1084Norfolk Va (23510) 796Minneapolis (55401) 776Alexandria Va (22304) 766East Rutherford NJ (07073) 706Arlington Va (22203) 669Iowa City Iowa (52246) 649Seattle (98121) 618Bellevue Wash (98007) 595Minneapolis (55408) 593Sunnyside NY (11104) 590Hoboken NJ (07030) 588Astoria NY (11102) 568Brooklyn NY (11232) 566Silver Spring Md (20910) 546Chicago (60625) 518 Source RealtyTrac

Sales of new single-family homes skyrocketed in October ending a three-month slump that began in July and providing evidence that elevated mortgage rates have not seriously hobbled the housing recoveryNew-home sales leaped 254 percent from September to October to a seasonally adjusted annual rate of 444000 according to data released today by the US Cen-sus Bureau and the Department of Housing and Urban Development (HUD) On an annual basis sales of new single-family homes increased by 216 percentWhile the jump in mortgage rates that occurred last spring may have temporarily stymied home sales any blow to the market was ldquoentirely transitoryrdquo according to research firm Capital Economics Octoberrsquos new home sales were about equal to those recorded between January and June of this year despite the fact that average mortgage rates were 60 basis points higher in October

12712 EnglandOverland Park KS 66213Fontainbleau SubdivisionMLS 1860304$3180004 Bed 32 Bath

9513 W 164th PlaceOverland Park KS 66085WyngateMLS 1860662$4535004 Bed 31 Bath9504 W 164th PlaceOverland Park KS 66085WyngateMLS 1860523$4680004 Bed 31 Bath15921 Ballentine StreetOverland Park KS 66062Deer ValleyMLS 1860080$4690005 Bed 41 Bath

10111 Fontana LaneOverland Park KS 66207Cherry HillsMLS 1860510$3299004 Bed 31 Bath

NEW OVERLAND PARK LISTINGS

How Much Income Home Buyers Need to PurchaseThe necessary income it takes to buy a median-priced home varies quite a bit across the country In Cleveland you could earn $22000 a year and still afford a house but in San Francisco you need to earn six times that mdash $125072 HSH Associates a publisher of mortgage data evaluated 25 major metros to see how much income home buyers need to earn in order to purchase a me-dian-priced home and cover the principal and interest payment on the mortgage The survey uses median home price data from the National Association of REALTORSregrsquo third-quarter report and subtracts a 20 percent down payment from those numbers The list does not factor in taxes mandatory insurance or home owner fees Here are some of the cities where you would need to earn the least amount in order to purchase a median-priced home there Cleveland $22348Cincinnati $25151St Louis $25228Atlanta $26863Tampa $26930Orlando $29631Here are some of the cities that require the highest salaries to afford a median-priced home San Francisco $125072San Diego $85843Los Angeles $79177New York City $71255Boston $68956Washington DC $68345Source ldquoThe Salary You Must Earn to Buy a Home in 25 Citiesrdquo HSHcom (November 2013)

Making the Most of Your Buyersrsquo Winter Search

The holidays are the perfect time of year for some home buyers to purchase a house and snag a great year-end deal mdash but limited inventory may be the ScroogeAfter a challenging home-buying season in the spring and summer many buyers say they plan to reignite their home search during the winter according to a recent realtorcomreg survey Theyrsquore hoping for less competition from all-cash buyers and fewer bidding wars during that time However winter often brings about limited inventories of homes for sale so buyers will likely find fewer choices It seems that buyers expect that 45 percent of those surveyed in the realtorcomregWinter Home Buyer Report say they believe theyrsquoll be up against inventory challenges again during the winter monthsSome real estate agents are grappling with that issue by finding homes that arenrsquot officially on the market to increase their buyersrsquo choices They are even drum-ming up ldquoold expiresrdquo mdash homes that were listed several years ago but never sold mdash to see if the owner will reconsider selling Some brokers are also sending letters to home owners in their buyerrsquos preferred neighborhood to motivate a home owner to consider sellingStill buyers shopping for a home in winter may find sellers more amenable to striking a good deal Particularly during the holidays sellers can be highly motivat-ed to sell before the end of the year says Tim Deihl associate broker at Gibson Sothebyrsquos International Realty in Boston Buyers may be able to take advantage of that sellersrsquo urgencyldquoA seller whorsquos looking to move a piece of real estate during the holidays is a seller who needs to sell because nobody in their right mind would pick that as the most convenient time to list their propertyrdquo Deihl saysSource ldquoHoliday home-buying may pay offrdquo Bankratecom (Dec 2 2013)

Buying Tips and Info

How Does Your Property Tax Burden CompareProperty taxes are an important source of revenue for city governments but rates can vary substantially across the country Property taxes make up about one quarter of home ownership costs over the median duration of ownership according to a study by two researchers with the Urban-Brookings Tax Policy Center The studyrsquos authorsmdashBenjamin H Harris policy director of the Hamilton Project and Brian David Moore a research assistant at the Urban-Brookings Tax Policy Centermdashnote that several counties and states have tried to decrease the burden through homestead exemptions and other laws But property taxes tend to make up a big part of local revenues Indeed property taxes comprise 346 percent of total local revenues and nearly 64 per-cent of local own-source revenue the researchers note Nationwide 60 percent of counties in the country had an average tax burden between $500 and $1500 per home owner Home owners in about 13 percent of counties paid less on average and 27 percent paid more Only 3 percent of counties had average bills that were more than $4000 New York and New Jersey tend to have the highest number of counties with the highest property tax burdens Westchester Nassau and Bergen counties in New York had the three highest average tax burdens all more than $8500 This reflects higher home prices as well as a higher reliance on property taxes by the state and local governments there Higher rates of property taxes are mostly found in the Northeast and parts of the Midwest according to the researchersOn the other hand 24 counties had average taxes below $250 with the majority of those counties located in Alabama or Louisiana

The United Nations Now Uses Drones - Colin DailedaThe sky over the Democratic Republic of Congo is now dotted with two white dronesmdashthe first unmanned aircraft owned by the United NationsThey took off from the city of Goma on Tuesday where they will help the UN better monitor rebel activity along the nationrsquos borders with Uganda and Rwanda according to The GuardianThe peacekeeping organization was integral to recently defeating M23 a rebel group in the Democratic Republic of Congo that took over Goma at one point last year But for a nation that has been battered by vi-olent groups for around 20 years defeating one is not enough and the 20000 UN troops throughout the country have not been able to end the bloodshed Other rebel factions lurk amidst dense forest in remote Congolese terrain and the UN believes drones will help track their movementldquoThe UN hasnrsquot had good surveillance and intel gathering capability in general so this is an improvementrdquo Peter Singer director of the Center for 21st Century Security and Intelligence at the Brookings Institution told Mashable in an email He added that drones are not only better than people at monitoring wide swaths of land but can also monitor one area for much longer periods of timeThese pilotless aircraft are a type of drone known as Falcos built by a subsidiary of the Italian company Finmeccanica Theyrsquore equipped with only cameras have a range of about 150 miles and have a UN Security council mandate to fly over only Congolese territory The UN plans to launch another by the end of the month and two more next MarchIf the monitoring is successful peacekeeping drone operations may soon expand to other African countries such as South Sudan and MaliAccording to The Guardian South Sudanese officials have requested the unmanned aircraft likely to assist in tracking rebel groups within their own bordersMuch of Mali a North African nation was taken over by terrorist groups earlier this year and many fear that could happen again UN drones would be better able to monitor the activities of these groups than would soldiers of the Malian government

tech roundupApple says 74 percent of App Store users are running iOS 7BY JON FINGAS

Two can play the OS statistics game it seems Just a couple of days after Google noted that 11 percent of Android devices vis-iting Google Play are running KitKat Apple has revealed that 74 percent of recent App Store customers are using iOS 7 Thatrsquos a healthy 10-point improvement over what we saw in October when 64 percent were running Cupertinorsquos newest platform The differ-ences in OS adoption rates arenrsquot totally surprising mind you Ap-ple is targeting a narrower pool of hardware doesnrsquot have to wait for third-party approvals and recently launched two new iPadsthat could easily boost iOS 7 adoption Android by its nature targets a wider range ofdevices and software interfaces that wonrsquot always re-ceive updates at the same time We wouldnrsquot expect a big spike in KitKat use until larger phone makers like HTC and Samsung throw their full weight behind Googlersquos latest platform

Next-Gen USB Connector Coming for Tech Gadgets

The USB connector is getting a makeover with a new plug type that is smaller and reversible but donrsquot expect it to be compatible with all existing USB plugs Yoursquoll need an adapter to plug it into older devices TechSpot reports The new USB connector dubbed Type-C is being proposed by USB 30 Promoter Group It will ldquofinally stop issues with not being able to insert the plug correctly the first timerdquo TechSpot reports The new version will accept the plug from either end ldquoType-C will also be smaller than the current Type-A plug similar in size to the micro USB 20 connector [which is found in most modern cell phones]rdquo The connector will be used to deliver power video and data across devices Itrsquoll usher in a new ldquosuper-thin classrdquo of devices the USB 30 Promoter Group saysThe new connector is currently in development Itrsquos expected to be finalized by mid-2014 The Type-C connectors are being developed to be paired with USB 31 on new devices toward the end of next year USB 31 will boost power delivery to the devices

Source ldquoNew USB connector inbound set to be smaller and revers-iblerdquo TechSpot (Dec 4 2013) and ldquoNext-gen USB connector will (finally) fit both waysrdquo PCWorld (Dec 4 2013)

5 Budding Social Data Startups to Watch - Mashable

Itrsquos still unclear exactly how Apple plans to use Topsy the social media analytics firm the tech giant acquired on Monday for a reported $200 million The possible theories are intriguing and numerous speculation includes improvements to Siri building social integration into Apple TV and even the creation of an Apple search engine to rival Google on mobile devicesRegardless of Applersquos motivation though other companies that make money by analyzing social data such as public posts and tweets are taking away a major positive from the news validationDozens of startups are trying to make sense of the millions of so-cial media interactions that take place each day Brands are using social data to monitor advertising campaigns identify new cus-tomers and engage with existing customers

1 140 ProofSan Francisco-based 140 Proof has created what it calls a Blend-ed Interest Graph a tool that targets consumers based on their social media posts and helps advertisers reach the appropriate audience The company works with thousands of advertisers in-cluding big names like Kraft Chevy and Microsoft to surface ads on the web and on mobile where consumers use their social IDs (Think Tumblr and Wordpress blogs and mobile apps that require a social login)2 DataSiftThe other darling from this busy week DataSift announced a $42 million funding round on Tuesday pushing the companyrsquos financing total over $70 million Half of the employees in the company are engineers Bailey said and the new funding means DataSift will continue to hire aggressively3 GnipGnip is the third and final US company with access to the entire Twitter firehose a valuable commodity as it allows access to every tweet sent around the world4 LeadSiftLeadSift is a small startup even by this listrsquos standards That doesnrsquot mean it canrsquot churn out useful results for its customers though LeadSift uses social media to bring brands and retailers the perfect customers5 Lithium TechnologiesAnother social startup based in San Francisco (surprise surprise) Lithium helps its customers build their own social communities online often as part of larger company websites The move allows Lithium clients to better engage with fans and customers of the brand control where the conversation happens and become an active participant without relying exclusively on external sites like Facebook or TwitterThe company announced a ldquopre-IPOrdquo round of financing in Sep-tember netting $50 million to bring Lithiumrsquos total fundraising over $150 million There is no set timetable for the companyrsquos IPO according to sources close to Lithium but an IPO toward the back half of 2014 wouldnrsquot be a surprise

RESOURCESWebsitesReece amp Nichols | jasondavisreeceandnicholscomPersonalized MyNeighborhood Report | jasondavisreeceandnicholscompagesrequest-myneighborhood-reportDavis Property Advisory Group | dpagkccomFacebook Profile | facebookcomJasonMDavis247Facebook Page | facebookcomdavisadvisorygroupGoogle+ | googlU1S3DDTwitter | twittercomjasonmdavis247LinkedIn | linkedincominjasonmichaeldavisPinterest | pinterestcomjasonmdavisInstagram | instagramcomjasonmdavis247Vimeo | vimeocomuser8372884YouTube | youtubecomuserutubejmdavis

Phone NumbersMaryhelen Loya | Homeservices Lending | 9132070713Terry Werth | Homeservices Lending | 9132666635Natalie Latta | Homeservices Lending - Reno Loans | 9132848166Kristy Rayos | Continental Title | 9133383232Lisa VanNewenhouse | Continental Title | 8169314916Jeff Duncan | Omega Title | 8164565698Dan Speck | Danrsquos Handyman Service | 8164528761

dpagKCcom

Page 4: Davis Property Advisory Group Magazine 01.04

4 NewServices Lending5 Voorheis Vale Properties

6 KC Real Estate News7 New Brookside Listings8 Real Estate News9 New Leawood Listings10 Seller Tips 11 New OP Listings

12 Buyer Tips and Strategies13 Tech Roundup15 Resources

CONTENTS November 2013

HomeServices Lending is a joint venture between Wells Fargo Home Mortgage and HomeServices of America a Berkshire Hathaway Affiliate You can rely on the long-standing strength of a well-estab-lished lender We provide a wide range of mortgage products for homebuyers in-cluding bull Conventional mortgages bull VA and FHA bull Larger loan amounts bull Investment property financing bull New construction and renova-tion loansAs a mortgage industry leader we are committed to helping as many customers as possible enjoy the personal benefits of homeownership As a responsible lending leader we work closely with customers to help them explore the home financing options that help meet individual budgets and homeownership goals

Maryhelen Loya has been with HomeServices Lending for sever-al years helping clients achieve their home-purchasing goals With years of prior experience in the lending industry Maryhelen is excellent with regards to lend-ing services but her real forte is with customer serviceand most clients continue using her in the years to comeMaryhelen was born and raised in the Kansas City Metropolitan Area and as a long-time resident is a strong supporter of our com-munity She is married to Shane and they have 2 children

Maryhelen Loya

Maryhelen LoyaNMLSR ID 4003367070 Renner RoadShawnee KS 66217(cell) 9132070713(office) 9133074160(fax) 8664376715maryhelenloya2hslkccomwwwhslkccommaryhelen-loya

Voorheis Vale - A Community for Everyone

2 and 3 Bedroom homes available from as low as $79900 Stop by and see all this wonderful community has to offer located in Independence Missouri at the intercention of Norfleet Rd and 47th Street and call 9134868509 to-day to make an appointment

jasondavisreeceandnicholscom

Jason M Davis MBA MSW ABR GREEN BPOR SFRRealtorreg|Strategic Marketing amp Social Media Professional

11100 Antioch Road | Overland Park KS 66210(c)9134868509 (f)9139815497

JasonDavisReeceandNicholscom or JasonDPAGKCcom

f

KC Real Estate News amp InfoPower amp Light BuildingAustin Alonzo Kansas City Business Journal

The 30-story 231000-square-foot Kansas City Power amp Light Co Building home to the electric utility from 1931 until 1992 is probably the most famous member of the downtown Kansas City skyline It was originally conceived as office space for the grow-ing KCPampL in the late 1920s The company chose Hoit Price and Barnes mdash which designed prominent Kansas City buildings such as 909 Walnut Municipal Auditorium and the Kansas City Museum at Corinthian Hall mdash as its architectResearch [PDF] from the Missouri Department of Natural Resourc-es said the steel-framed limestone-sheathed office building was built with heavy ornamentation mdash like other buildings built in the Art Deco style popular in the 1930s and 1940s mdash representing images of light and energy inside and out It is capped off with an internally illuminated six-story glass lantern The west side of building has few windows and lacks the decoration of the other fa-cade Plans originally called for a second building but the money was not there during the Great DepressionThe building is now inhabited by Kansas City architecture firm BNIM Recent plans have called for converting the building into residential space or weaving it into a plan to build a new conven-tion center hotel but nothing has come to pass yetAmirahmadi said the Power amp Light Building speaks to him be-cause it is a ldquolivingrdquo piece of art that both speaks to Kansas Cityrsquos glamorous past and inspires its futureldquoIt speaks to its time but at the same time is not datedrdquo Amirah-madi said ldquoIt has a charm and a character which is going to be attractive for generations to comerdquoOn a textbook level Amirahmadi said the building has a deep sensitivity for scale and proportion The building has a ldquotelescop-ingrdquo geometric appearance that tapers off from a wide square base on the bottom floors to a more narrow rectangular top section which narrows into the buildingrsquos signature lantern

River Market apartment project announced Rob Roberts - Kansas City Business Journal

KC Commercial Realty Group is planning a five-story 56-unit mar-ket-rate apartment building at the southeast corner of Fifth Street and Grand Boulevard in the River MarketThe project called Centropolis on Grand will be built on two vacant lots that the developers acquired from Lawson Bank and SAM Properties said Justin Cottrell a principal with KC Commer-cial RealtyCottrell said the developers will be seeking a standard property tax abatement mdash 100 percent for 10 years followed by 50 percent for 15 years mdash from the Planned Industrial Expansion Authority The estimated project cost is $8 million he saidThe building will include 52 one-bedroom units and four two-bed-room units Each unit will have one parking space on the first level of the structureConstruction of the 84000-square-foot structure will begin in spring 2014 with leasing to begin in the first quarter of 2015 The building is being designed by NSPJ Architects of Prairie Village The exterior elevations have been designed to have a historic feel to fit into the existing landscape of the River MarketThe name Centropolis on Grand is a nod to a historic hotel located at this intersection of the River Market from 1880 to 1940 The Centropolis Hotel was named by Major William Gilpin a map-maker and early booster of Kansas City As far back as 1859 Gilpin referred to Kansas City as ldquoCentropolisrdquo due to its close proximity to the geographical center of the United States The hotel was razed in 1941 as development in Kansas City moved southward In its peak vibrancy the Centropolis Hotel was a destination for movie stars and presidentsThe River Market site is located near the City Market a city-owned property that is privately managed by KC Commercial Realty GroupldquoThe River Market is an iconic Kansas City neighborhood and is an increasingly desirable place to liverdquo Cottrell said ldquoThe continued development of the neighborhood and the addition of the street-car make the Centropolis on Grand an attractive option for those interested in urban living We are excited to increase residential options and KC Commercial Realty Grouprsquos presence in the River Marketrdquo

11 E 66TH StreetKansas City MO 64113Armour HillsMLS 1858927$3249503 Bed 2 Bath

453 W 70th TerraceKansas City MO 64113Romanelli GardensMLS 1859279$4750004 Bed 31 Bath600 W 67th StreetKansas City MO 64113Armour FieldsMLS 1859279$6250004 Bed 31 Bath833 W 57th TerraceKansas City MO 64113Country Club RidgeMLS 1858909$7150004 Bed 51 Bath

1225 W 67th StreetKansas City MO 64113Romanelli West SubdivisionMLS 1860213$4490003 Bed 21 Bath

NEW BROOKSIDE LISTINGS

Financial and National News

4 Things You Didnrsquot Know About the Fair Housing Act - Meg WhiteUsually I try to point Book Scan readers to the written word but occasionally I find a piece of audio worth recommending Last time I pointed you toward a wonderful novel about a real estate agent but this time Irsquom suggesting a podcast Yesterday I was listening to This American Life an NPR radio show produced by my local station WBEZ The show produces one hour of radio a week usually with several segments organized around a central theme If you have never listened before the Nov 22 episode is a great place to start if yoursquore in real estate The show titled ldquoHouse Rulesrdquo addresses the idea of ldquodestiny by addressrdquo through an examination of the 1968 Fair Housing ActOne might argue that real estate professionals know more than the average bear about the Fair Housing Act since itrsquos so integral to the housing industry in this country But here are a few items that you might not know about fair housing in America and the legislation itself1 The federal government pretty much invented redlining 2 Walter Mondalersquos sponsorship of the Fair Housing Act was something of a fluke 3 One book that likely never would have made it to print today had a big impact President Johnson convened the National Advisory Commission on Civil Disorders known as the Kerner Commission to look at the causes of the race riots that rocked many American cities between 1965 and 19684 The Fair Housing Act had a legislative precursorhellip signed into law less than one year after Abraham Lincolnrsquos death Yes the Civil Rights Act of 1866 prohibited all racial discrimination in the sale or rental of property But be-cause it did not contain any federal penalties for violators more specific legislation was necessary during the civil rights era to actually accomplish many of the goals set out by this initial actFind much more at NARrsquos online home for the Fair Housing Program Itrsquos not too early to start gathering ideas and supplies to celebrate Fair Housing Month this coming April

Spike in New-Home Sales lsquoNegatesrsquo Interest-Rate TroubleSource NAHBSingle-family new-home sales posted a sharp rise in October up 254 percent from September according to newly released Census Bureau data That was a similar rate to last spring when the new-home market was taking off in recovery mode Across the country all regions posted double-digit gains in new-home sales in October In the Midwest they jumped 34 percent 282 percent in the South 192 percent in the Northeast and 152 percent in the West As sales gained inventory levels fell to a 49-month supply ldquoThe strong October results return us to the sales levels we saw earlier this year and negate the pause caused by the sudden jump in interest ratesrdquo says David Crowe chief economist for the National Association of Home Builders ldquoWe expect sales to continue to rise as pent-up demand is released and first-time home buyers creep back into the marketrdquoHowever some economists and analysts point to several headwinds that persist and could dampen sales in the coming months ldquoThe market is stabilizing but maybe it hasnrsquot come back to the degree that todayrsquos data would suggestrdquo says Mark Zandi chief economist for Moodyrsquos Analytics Several recent homebuilder surveys have shown new-home sales posting much more modest increases mdash or even falling Builders have blamed a 1 percentage point rise in interest rates be-tween May and September as one big culprit in slowing new-home sales in their markets Also double-digit percentage increases in the price of new homes has sidelined some buyers The average price for a new home was $321700 in October according to Census data That puts it on par with the average price during the 2006-07 boom times But with a slight pullback recently in interest rate increases and a small increase in economic confidence some buyers have come off the fence this fall ldquoItrsquos more active nowrdquo Brendan Wright a real estate professional at At-lanta Fine Homes Sothebyrsquos International told The Wall Street Journal ldquoThere was so much activity in the spring and summer that the people who missed the boat then are circling back now as opposed to waiting for next springrdquo

Farewell To an Amazing Hero

12705 Briar StreetLeawood KS 66209Highlands of LeawoodMLS 1859422$3299004 Bed31 Bath

9821 Lee CircleLeawood KS 66206Leawood EstatesMLS 1858084$4750003 Bed2 Bath3006 W 147th StreetLeawood KS 66224Leabrooke HighlandsMLS 1857749$4787805 Bed5 Bath3621 W 121st TerraceLeawood KS 66209Bradford PlaceMLS 1859540$7749506 Bed51 Bath

5200 W 112th StreetLeawood KS 66211Leawood Country ManorMLS 1859148$3750005 Bed41 Bath

NEW LEAWOOD LISTINGS

Home Buyers Plan to Make a Move This WinterHome buyers who werenrsquot successful this summer at finding a home due to limited inventories and competition from all-cash offers are looking to retry their luck in the winter according to realtorcomregrsquos Winter Home Buyer Report ldquoThis summer and spring home-buying season was particularly challenging for buyers especially first-time home buyers trying to compete with all-cash offers and bidding wars because of reduced inventoryrdquo says Alison Schwartz vice president of corporate communications at realtorcomreg ldquoIn fact a quarter of the winter home buyers revealed they are in the market now because they were unable to find a home during this last home-buying seasonrdquoBut winter home buyers know theyrsquoll face some challenges Forty-five percent of those surveyed say they believe they will be up against inventory challenges again with few homes for sale within the price range they desire Twenty-nine percent also say that winter weather makes house-hunting unpleasant But they believe that the winter can be a good time to buy a home Twenty-six percent say winter is a good time to buy because they feel sellers will be more motivated and willing to negotiate Twenty-four percent also say they think home prices will be betterOf those looking to buy this winter 23 percent are planning to make a down pay-ment of 10 to 20 percent according to the realtorcomreg survey Twenty-two percent are planning to put down 21 to 99 percent in cash 19 percent plan to put down 100 percent cash and 13 percent are planning to make a down payment of 35 percent to qualify for a Federal Housing Administration loan Source realtorcom (Nov 20 2013)

SELLINGTIPS AND INFO

Investors Target lsquoHipstersrsquoThink hipsters arenrsquot as cool as they think they are Take a look at their effects on housingThe hipster lifestyle can have a ldquomajor impact on lo-cal real estate markets and mostly in a positive wayrdquo says Daren Blomquist vice president of RealtyTrac Neighborhoods that are branded as ldquohipsterrdquo often offer trendy restaurants coffee shops and other amenities mdash and thatrsquos likely to see property values and rental rates rise Blomquist saysSavvy real estate investors are even targeting hipster markets to purchase rental properties betting that they will offer up steady cash flow and strong appreciationRealtyTrac analyzed ZIP codes across the country to identify ldquohyper-local hipsterrdquo markets that offer investors solid returns on rental properties and boast low vacancy rates For its survey RealtyTrac identified ZIP codes where at least 20 percent of the popula-tion is between 25 and 34 years old mdash prime hipster age RealtyTrac also looked at densely populated neighborhoods that are walkable or use public transportation and where renters account for at least 50 percent of all housing units and vacancy rates are 5 percent or lessThe following ldquohipsterrdquo markets offered some of the highest gross yields in rents for investors based on fair-market rents and median home pricesSt Paul Minn (55101) 1398 gross rent yieldPittsburgh (15203) 1084Norfolk Va (23510) 796Minneapolis (55401) 776Alexandria Va (22304) 766East Rutherford NJ (07073) 706Arlington Va (22203) 669Iowa City Iowa (52246) 649Seattle (98121) 618Bellevue Wash (98007) 595Minneapolis (55408) 593Sunnyside NY (11104) 590Hoboken NJ (07030) 588Astoria NY (11102) 568Brooklyn NY (11232) 566Silver Spring Md (20910) 546Chicago (60625) 518 Source RealtyTrac

Sales of new single-family homes skyrocketed in October ending a three-month slump that began in July and providing evidence that elevated mortgage rates have not seriously hobbled the housing recoveryNew-home sales leaped 254 percent from September to October to a seasonally adjusted annual rate of 444000 according to data released today by the US Cen-sus Bureau and the Department of Housing and Urban Development (HUD) On an annual basis sales of new single-family homes increased by 216 percentWhile the jump in mortgage rates that occurred last spring may have temporarily stymied home sales any blow to the market was ldquoentirely transitoryrdquo according to research firm Capital Economics Octoberrsquos new home sales were about equal to those recorded between January and June of this year despite the fact that average mortgage rates were 60 basis points higher in October

12712 EnglandOverland Park KS 66213Fontainbleau SubdivisionMLS 1860304$3180004 Bed 32 Bath

9513 W 164th PlaceOverland Park KS 66085WyngateMLS 1860662$4535004 Bed 31 Bath9504 W 164th PlaceOverland Park KS 66085WyngateMLS 1860523$4680004 Bed 31 Bath15921 Ballentine StreetOverland Park KS 66062Deer ValleyMLS 1860080$4690005 Bed 41 Bath

10111 Fontana LaneOverland Park KS 66207Cherry HillsMLS 1860510$3299004 Bed 31 Bath

NEW OVERLAND PARK LISTINGS

How Much Income Home Buyers Need to PurchaseThe necessary income it takes to buy a median-priced home varies quite a bit across the country In Cleveland you could earn $22000 a year and still afford a house but in San Francisco you need to earn six times that mdash $125072 HSH Associates a publisher of mortgage data evaluated 25 major metros to see how much income home buyers need to earn in order to purchase a me-dian-priced home and cover the principal and interest payment on the mortgage The survey uses median home price data from the National Association of REALTORSregrsquo third-quarter report and subtracts a 20 percent down payment from those numbers The list does not factor in taxes mandatory insurance or home owner fees Here are some of the cities where you would need to earn the least amount in order to purchase a median-priced home there Cleveland $22348Cincinnati $25151St Louis $25228Atlanta $26863Tampa $26930Orlando $29631Here are some of the cities that require the highest salaries to afford a median-priced home San Francisco $125072San Diego $85843Los Angeles $79177New York City $71255Boston $68956Washington DC $68345Source ldquoThe Salary You Must Earn to Buy a Home in 25 Citiesrdquo HSHcom (November 2013)

Making the Most of Your Buyersrsquo Winter Search

The holidays are the perfect time of year for some home buyers to purchase a house and snag a great year-end deal mdash but limited inventory may be the ScroogeAfter a challenging home-buying season in the spring and summer many buyers say they plan to reignite their home search during the winter according to a recent realtorcomreg survey Theyrsquore hoping for less competition from all-cash buyers and fewer bidding wars during that time However winter often brings about limited inventories of homes for sale so buyers will likely find fewer choices It seems that buyers expect that 45 percent of those surveyed in the realtorcomregWinter Home Buyer Report say they believe theyrsquoll be up against inventory challenges again during the winter monthsSome real estate agents are grappling with that issue by finding homes that arenrsquot officially on the market to increase their buyersrsquo choices They are even drum-ming up ldquoold expiresrdquo mdash homes that were listed several years ago but never sold mdash to see if the owner will reconsider selling Some brokers are also sending letters to home owners in their buyerrsquos preferred neighborhood to motivate a home owner to consider sellingStill buyers shopping for a home in winter may find sellers more amenable to striking a good deal Particularly during the holidays sellers can be highly motivat-ed to sell before the end of the year says Tim Deihl associate broker at Gibson Sothebyrsquos International Realty in Boston Buyers may be able to take advantage of that sellersrsquo urgencyldquoA seller whorsquos looking to move a piece of real estate during the holidays is a seller who needs to sell because nobody in their right mind would pick that as the most convenient time to list their propertyrdquo Deihl saysSource ldquoHoliday home-buying may pay offrdquo Bankratecom (Dec 2 2013)

Buying Tips and Info

How Does Your Property Tax Burden CompareProperty taxes are an important source of revenue for city governments but rates can vary substantially across the country Property taxes make up about one quarter of home ownership costs over the median duration of ownership according to a study by two researchers with the Urban-Brookings Tax Policy Center The studyrsquos authorsmdashBenjamin H Harris policy director of the Hamilton Project and Brian David Moore a research assistant at the Urban-Brookings Tax Policy Centermdashnote that several counties and states have tried to decrease the burden through homestead exemptions and other laws But property taxes tend to make up a big part of local revenues Indeed property taxes comprise 346 percent of total local revenues and nearly 64 per-cent of local own-source revenue the researchers note Nationwide 60 percent of counties in the country had an average tax burden between $500 and $1500 per home owner Home owners in about 13 percent of counties paid less on average and 27 percent paid more Only 3 percent of counties had average bills that were more than $4000 New York and New Jersey tend to have the highest number of counties with the highest property tax burdens Westchester Nassau and Bergen counties in New York had the three highest average tax burdens all more than $8500 This reflects higher home prices as well as a higher reliance on property taxes by the state and local governments there Higher rates of property taxes are mostly found in the Northeast and parts of the Midwest according to the researchersOn the other hand 24 counties had average taxes below $250 with the majority of those counties located in Alabama or Louisiana

The United Nations Now Uses Drones - Colin DailedaThe sky over the Democratic Republic of Congo is now dotted with two white dronesmdashthe first unmanned aircraft owned by the United NationsThey took off from the city of Goma on Tuesday where they will help the UN better monitor rebel activity along the nationrsquos borders with Uganda and Rwanda according to The GuardianThe peacekeeping organization was integral to recently defeating M23 a rebel group in the Democratic Republic of Congo that took over Goma at one point last year But for a nation that has been battered by vi-olent groups for around 20 years defeating one is not enough and the 20000 UN troops throughout the country have not been able to end the bloodshed Other rebel factions lurk amidst dense forest in remote Congolese terrain and the UN believes drones will help track their movementldquoThe UN hasnrsquot had good surveillance and intel gathering capability in general so this is an improvementrdquo Peter Singer director of the Center for 21st Century Security and Intelligence at the Brookings Institution told Mashable in an email He added that drones are not only better than people at monitoring wide swaths of land but can also monitor one area for much longer periods of timeThese pilotless aircraft are a type of drone known as Falcos built by a subsidiary of the Italian company Finmeccanica Theyrsquore equipped with only cameras have a range of about 150 miles and have a UN Security council mandate to fly over only Congolese territory The UN plans to launch another by the end of the month and two more next MarchIf the monitoring is successful peacekeeping drone operations may soon expand to other African countries such as South Sudan and MaliAccording to The Guardian South Sudanese officials have requested the unmanned aircraft likely to assist in tracking rebel groups within their own bordersMuch of Mali a North African nation was taken over by terrorist groups earlier this year and many fear that could happen again UN drones would be better able to monitor the activities of these groups than would soldiers of the Malian government

tech roundupApple says 74 percent of App Store users are running iOS 7BY JON FINGAS

Two can play the OS statistics game it seems Just a couple of days after Google noted that 11 percent of Android devices vis-iting Google Play are running KitKat Apple has revealed that 74 percent of recent App Store customers are using iOS 7 Thatrsquos a healthy 10-point improvement over what we saw in October when 64 percent were running Cupertinorsquos newest platform The differ-ences in OS adoption rates arenrsquot totally surprising mind you Ap-ple is targeting a narrower pool of hardware doesnrsquot have to wait for third-party approvals and recently launched two new iPadsthat could easily boost iOS 7 adoption Android by its nature targets a wider range ofdevices and software interfaces that wonrsquot always re-ceive updates at the same time We wouldnrsquot expect a big spike in KitKat use until larger phone makers like HTC and Samsung throw their full weight behind Googlersquos latest platform

Next-Gen USB Connector Coming for Tech Gadgets

The USB connector is getting a makeover with a new plug type that is smaller and reversible but donrsquot expect it to be compatible with all existing USB plugs Yoursquoll need an adapter to plug it into older devices TechSpot reports The new USB connector dubbed Type-C is being proposed by USB 30 Promoter Group It will ldquofinally stop issues with not being able to insert the plug correctly the first timerdquo TechSpot reports The new version will accept the plug from either end ldquoType-C will also be smaller than the current Type-A plug similar in size to the micro USB 20 connector [which is found in most modern cell phones]rdquo The connector will be used to deliver power video and data across devices Itrsquoll usher in a new ldquosuper-thin classrdquo of devices the USB 30 Promoter Group saysThe new connector is currently in development Itrsquos expected to be finalized by mid-2014 The Type-C connectors are being developed to be paired with USB 31 on new devices toward the end of next year USB 31 will boost power delivery to the devices

Source ldquoNew USB connector inbound set to be smaller and revers-iblerdquo TechSpot (Dec 4 2013) and ldquoNext-gen USB connector will (finally) fit both waysrdquo PCWorld (Dec 4 2013)

5 Budding Social Data Startups to Watch - Mashable

Itrsquos still unclear exactly how Apple plans to use Topsy the social media analytics firm the tech giant acquired on Monday for a reported $200 million The possible theories are intriguing and numerous speculation includes improvements to Siri building social integration into Apple TV and even the creation of an Apple search engine to rival Google on mobile devicesRegardless of Applersquos motivation though other companies that make money by analyzing social data such as public posts and tweets are taking away a major positive from the news validationDozens of startups are trying to make sense of the millions of so-cial media interactions that take place each day Brands are using social data to monitor advertising campaigns identify new cus-tomers and engage with existing customers

1 140 ProofSan Francisco-based 140 Proof has created what it calls a Blend-ed Interest Graph a tool that targets consumers based on their social media posts and helps advertisers reach the appropriate audience The company works with thousands of advertisers in-cluding big names like Kraft Chevy and Microsoft to surface ads on the web and on mobile where consumers use their social IDs (Think Tumblr and Wordpress blogs and mobile apps that require a social login)2 DataSiftThe other darling from this busy week DataSift announced a $42 million funding round on Tuesday pushing the companyrsquos financing total over $70 million Half of the employees in the company are engineers Bailey said and the new funding means DataSift will continue to hire aggressively3 GnipGnip is the third and final US company with access to the entire Twitter firehose a valuable commodity as it allows access to every tweet sent around the world4 LeadSiftLeadSift is a small startup even by this listrsquos standards That doesnrsquot mean it canrsquot churn out useful results for its customers though LeadSift uses social media to bring brands and retailers the perfect customers5 Lithium TechnologiesAnother social startup based in San Francisco (surprise surprise) Lithium helps its customers build their own social communities online often as part of larger company websites The move allows Lithium clients to better engage with fans and customers of the brand control where the conversation happens and become an active participant without relying exclusively on external sites like Facebook or TwitterThe company announced a ldquopre-IPOrdquo round of financing in Sep-tember netting $50 million to bring Lithiumrsquos total fundraising over $150 million There is no set timetable for the companyrsquos IPO according to sources close to Lithium but an IPO toward the back half of 2014 wouldnrsquot be a surprise

RESOURCESWebsitesReece amp Nichols | jasondavisreeceandnicholscomPersonalized MyNeighborhood Report | jasondavisreeceandnicholscompagesrequest-myneighborhood-reportDavis Property Advisory Group | dpagkccomFacebook Profile | facebookcomJasonMDavis247Facebook Page | facebookcomdavisadvisorygroupGoogle+ | googlU1S3DDTwitter | twittercomjasonmdavis247LinkedIn | linkedincominjasonmichaeldavisPinterest | pinterestcomjasonmdavisInstagram | instagramcomjasonmdavis247Vimeo | vimeocomuser8372884YouTube | youtubecomuserutubejmdavis

Phone NumbersMaryhelen Loya | Homeservices Lending | 9132070713Terry Werth | Homeservices Lending | 9132666635Natalie Latta | Homeservices Lending - Reno Loans | 9132848166Kristy Rayos | Continental Title | 9133383232Lisa VanNewenhouse | Continental Title | 8169314916Jeff Duncan | Omega Title | 8164565698Dan Speck | Danrsquos Handyman Service | 8164528761

dpagKCcom

Page 5: Davis Property Advisory Group Magazine 01.04

HomeServices Lending is a joint venture between Wells Fargo Home Mortgage and HomeServices of America a Berkshire Hathaway Affiliate You can rely on the long-standing strength of a well-estab-lished lender We provide a wide range of mortgage products for homebuyers in-cluding bull Conventional mortgages bull VA and FHA bull Larger loan amounts bull Investment property financing bull New construction and renova-tion loansAs a mortgage industry leader we are committed to helping as many customers as possible enjoy the personal benefits of homeownership As a responsible lending leader we work closely with customers to help them explore the home financing options that help meet individual budgets and homeownership goals

Maryhelen Loya has been with HomeServices Lending for sever-al years helping clients achieve their home-purchasing goals With years of prior experience in the lending industry Maryhelen is excellent with regards to lend-ing services but her real forte is with customer serviceand most clients continue using her in the years to comeMaryhelen was born and raised in the Kansas City Metropolitan Area and as a long-time resident is a strong supporter of our com-munity She is married to Shane and they have 2 children

Maryhelen Loya

Maryhelen LoyaNMLSR ID 4003367070 Renner RoadShawnee KS 66217(cell) 9132070713(office) 9133074160(fax) 8664376715maryhelenloya2hslkccomwwwhslkccommaryhelen-loya

Voorheis Vale - A Community for Everyone

2 and 3 Bedroom homes available from as low as $79900 Stop by and see all this wonderful community has to offer located in Independence Missouri at the intercention of Norfleet Rd and 47th Street and call 9134868509 to-day to make an appointment

jasondavisreeceandnicholscom

Jason M Davis MBA MSW ABR GREEN BPOR SFRRealtorreg|Strategic Marketing amp Social Media Professional

11100 Antioch Road | Overland Park KS 66210(c)9134868509 (f)9139815497

JasonDavisReeceandNicholscom or JasonDPAGKCcom

f

KC Real Estate News amp InfoPower amp Light BuildingAustin Alonzo Kansas City Business Journal

The 30-story 231000-square-foot Kansas City Power amp Light Co Building home to the electric utility from 1931 until 1992 is probably the most famous member of the downtown Kansas City skyline It was originally conceived as office space for the grow-ing KCPampL in the late 1920s The company chose Hoit Price and Barnes mdash which designed prominent Kansas City buildings such as 909 Walnut Municipal Auditorium and the Kansas City Museum at Corinthian Hall mdash as its architectResearch [PDF] from the Missouri Department of Natural Resourc-es said the steel-framed limestone-sheathed office building was built with heavy ornamentation mdash like other buildings built in the Art Deco style popular in the 1930s and 1940s mdash representing images of light and energy inside and out It is capped off with an internally illuminated six-story glass lantern The west side of building has few windows and lacks the decoration of the other fa-cade Plans originally called for a second building but the money was not there during the Great DepressionThe building is now inhabited by Kansas City architecture firm BNIM Recent plans have called for converting the building into residential space or weaving it into a plan to build a new conven-tion center hotel but nothing has come to pass yetAmirahmadi said the Power amp Light Building speaks to him be-cause it is a ldquolivingrdquo piece of art that both speaks to Kansas Cityrsquos glamorous past and inspires its futureldquoIt speaks to its time but at the same time is not datedrdquo Amirah-madi said ldquoIt has a charm and a character which is going to be attractive for generations to comerdquoOn a textbook level Amirahmadi said the building has a deep sensitivity for scale and proportion The building has a ldquotelescop-ingrdquo geometric appearance that tapers off from a wide square base on the bottom floors to a more narrow rectangular top section which narrows into the buildingrsquos signature lantern

River Market apartment project announced Rob Roberts - Kansas City Business Journal

KC Commercial Realty Group is planning a five-story 56-unit mar-ket-rate apartment building at the southeast corner of Fifth Street and Grand Boulevard in the River MarketThe project called Centropolis on Grand will be built on two vacant lots that the developers acquired from Lawson Bank and SAM Properties said Justin Cottrell a principal with KC Commer-cial RealtyCottrell said the developers will be seeking a standard property tax abatement mdash 100 percent for 10 years followed by 50 percent for 15 years mdash from the Planned Industrial Expansion Authority The estimated project cost is $8 million he saidThe building will include 52 one-bedroom units and four two-bed-room units Each unit will have one parking space on the first level of the structureConstruction of the 84000-square-foot structure will begin in spring 2014 with leasing to begin in the first quarter of 2015 The building is being designed by NSPJ Architects of Prairie Village The exterior elevations have been designed to have a historic feel to fit into the existing landscape of the River MarketThe name Centropolis on Grand is a nod to a historic hotel located at this intersection of the River Market from 1880 to 1940 The Centropolis Hotel was named by Major William Gilpin a map-maker and early booster of Kansas City As far back as 1859 Gilpin referred to Kansas City as ldquoCentropolisrdquo due to its close proximity to the geographical center of the United States The hotel was razed in 1941 as development in Kansas City moved southward In its peak vibrancy the Centropolis Hotel was a destination for movie stars and presidentsThe River Market site is located near the City Market a city-owned property that is privately managed by KC Commercial Realty GroupldquoThe River Market is an iconic Kansas City neighborhood and is an increasingly desirable place to liverdquo Cottrell said ldquoThe continued development of the neighborhood and the addition of the street-car make the Centropolis on Grand an attractive option for those interested in urban living We are excited to increase residential options and KC Commercial Realty Grouprsquos presence in the River Marketrdquo

11 E 66TH StreetKansas City MO 64113Armour HillsMLS 1858927$3249503 Bed 2 Bath

453 W 70th TerraceKansas City MO 64113Romanelli GardensMLS 1859279$4750004 Bed 31 Bath600 W 67th StreetKansas City MO 64113Armour FieldsMLS 1859279$6250004 Bed 31 Bath833 W 57th TerraceKansas City MO 64113Country Club RidgeMLS 1858909$7150004 Bed 51 Bath

1225 W 67th StreetKansas City MO 64113Romanelli West SubdivisionMLS 1860213$4490003 Bed 21 Bath

NEW BROOKSIDE LISTINGS

Financial and National News

4 Things You Didnrsquot Know About the Fair Housing Act - Meg WhiteUsually I try to point Book Scan readers to the written word but occasionally I find a piece of audio worth recommending Last time I pointed you toward a wonderful novel about a real estate agent but this time Irsquom suggesting a podcast Yesterday I was listening to This American Life an NPR radio show produced by my local station WBEZ The show produces one hour of radio a week usually with several segments organized around a central theme If you have never listened before the Nov 22 episode is a great place to start if yoursquore in real estate The show titled ldquoHouse Rulesrdquo addresses the idea of ldquodestiny by addressrdquo through an examination of the 1968 Fair Housing ActOne might argue that real estate professionals know more than the average bear about the Fair Housing Act since itrsquos so integral to the housing industry in this country But here are a few items that you might not know about fair housing in America and the legislation itself1 The federal government pretty much invented redlining 2 Walter Mondalersquos sponsorship of the Fair Housing Act was something of a fluke 3 One book that likely never would have made it to print today had a big impact President Johnson convened the National Advisory Commission on Civil Disorders known as the Kerner Commission to look at the causes of the race riots that rocked many American cities between 1965 and 19684 The Fair Housing Act had a legislative precursorhellip signed into law less than one year after Abraham Lincolnrsquos death Yes the Civil Rights Act of 1866 prohibited all racial discrimination in the sale or rental of property But be-cause it did not contain any federal penalties for violators more specific legislation was necessary during the civil rights era to actually accomplish many of the goals set out by this initial actFind much more at NARrsquos online home for the Fair Housing Program Itrsquos not too early to start gathering ideas and supplies to celebrate Fair Housing Month this coming April

Spike in New-Home Sales lsquoNegatesrsquo Interest-Rate TroubleSource NAHBSingle-family new-home sales posted a sharp rise in October up 254 percent from September according to newly released Census Bureau data That was a similar rate to last spring when the new-home market was taking off in recovery mode Across the country all regions posted double-digit gains in new-home sales in October In the Midwest they jumped 34 percent 282 percent in the South 192 percent in the Northeast and 152 percent in the West As sales gained inventory levels fell to a 49-month supply ldquoThe strong October results return us to the sales levels we saw earlier this year and negate the pause caused by the sudden jump in interest ratesrdquo says David Crowe chief economist for the National Association of Home Builders ldquoWe expect sales to continue to rise as pent-up demand is released and first-time home buyers creep back into the marketrdquoHowever some economists and analysts point to several headwinds that persist and could dampen sales in the coming months ldquoThe market is stabilizing but maybe it hasnrsquot come back to the degree that todayrsquos data would suggestrdquo says Mark Zandi chief economist for Moodyrsquos Analytics Several recent homebuilder surveys have shown new-home sales posting much more modest increases mdash or even falling Builders have blamed a 1 percentage point rise in interest rates be-tween May and September as one big culprit in slowing new-home sales in their markets Also double-digit percentage increases in the price of new homes has sidelined some buyers The average price for a new home was $321700 in October according to Census data That puts it on par with the average price during the 2006-07 boom times But with a slight pullback recently in interest rate increases and a small increase in economic confidence some buyers have come off the fence this fall ldquoItrsquos more active nowrdquo Brendan Wright a real estate professional at At-lanta Fine Homes Sothebyrsquos International told The Wall Street Journal ldquoThere was so much activity in the spring and summer that the people who missed the boat then are circling back now as opposed to waiting for next springrdquo

Farewell To an Amazing Hero

12705 Briar StreetLeawood KS 66209Highlands of LeawoodMLS 1859422$3299004 Bed31 Bath

9821 Lee CircleLeawood KS 66206Leawood EstatesMLS 1858084$4750003 Bed2 Bath3006 W 147th StreetLeawood KS 66224Leabrooke HighlandsMLS 1857749$4787805 Bed5 Bath3621 W 121st TerraceLeawood KS 66209Bradford PlaceMLS 1859540$7749506 Bed51 Bath

5200 W 112th StreetLeawood KS 66211Leawood Country ManorMLS 1859148$3750005 Bed41 Bath

NEW LEAWOOD LISTINGS

Home Buyers Plan to Make a Move This WinterHome buyers who werenrsquot successful this summer at finding a home due to limited inventories and competition from all-cash offers are looking to retry their luck in the winter according to realtorcomregrsquos Winter Home Buyer Report ldquoThis summer and spring home-buying season was particularly challenging for buyers especially first-time home buyers trying to compete with all-cash offers and bidding wars because of reduced inventoryrdquo says Alison Schwartz vice president of corporate communications at realtorcomreg ldquoIn fact a quarter of the winter home buyers revealed they are in the market now because they were unable to find a home during this last home-buying seasonrdquoBut winter home buyers know theyrsquoll face some challenges Forty-five percent of those surveyed say they believe they will be up against inventory challenges again with few homes for sale within the price range they desire Twenty-nine percent also say that winter weather makes house-hunting unpleasant But they believe that the winter can be a good time to buy a home Twenty-six percent say winter is a good time to buy because they feel sellers will be more motivated and willing to negotiate Twenty-four percent also say they think home prices will be betterOf those looking to buy this winter 23 percent are planning to make a down pay-ment of 10 to 20 percent according to the realtorcomreg survey Twenty-two percent are planning to put down 21 to 99 percent in cash 19 percent plan to put down 100 percent cash and 13 percent are planning to make a down payment of 35 percent to qualify for a Federal Housing Administration loan Source realtorcom (Nov 20 2013)

SELLINGTIPS AND INFO

Investors Target lsquoHipstersrsquoThink hipsters arenrsquot as cool as they think they are Take a look at their effects on housingThe hipster lifestyle can have a ldquomajor impact on lo-cal real estate markets and mostly in a positive wayrdquo says Daren Blomquist vice president of RealtyTrac Neighborhoods that are branded as ldquohipsterrdquo often offer trendy restaurants coffee shops and other amenities mdash and thatrsquos likely to see property values and rental rates rise Blomquist saysSavvy real estate investors are even targeting hipster markets to purchase rental properties betting that they will offer up steady cash flow and strong appreciationRealtyTrac analyzed ZIP codes across the country to identify ldquohyper-local hipsterrdquo markets that offer investors solid returns on rental properties and boast low vacancy rates For its survey RealtyTrac identified ZIP codes where at least 20 percent of the popula-tion is between 25 and 34 years old mdash prime hipster age RealtyTrac also looked at densely populated neighborhoods that are walkable or use public transportation and where renters account for at least 50 percent of all housing units and vacancy rates are 5 percent or lessThe following ldquohipsterrdquo markets offered some of the highest gross yields in rents for investors based on fair-market rents and median home pricesSt Paul Minn (55101) 1398 gross rent yieldPittsburgh (15203) 1084Norfolk Va (23510) 796Minneapolis (55401) 776Alexandria Va (22304) 766East Rutherford NJ (07073) 706Arlington Va (22203) 669Iowa City Iowa (52246) 649Seattle (98121) 618Bellevue Wash (98007) 595Minneapolis (55408) 593Sunnyside NY (11104) 590Hoboken NJ (07030) 588Astoria NY (11102) 568Brooklyn NY (11232) 566Silver Spring Md (20910) 546Chicago (60625) 518 Source RealtyTrac

Sales of new single-family homes skyrocketed in October ending a three-month slump that began in July and providing evidence that elevated mortgage rates have not seriously hobbled the housing recoveryNew-home sales leaped 254 percent from September to October to a seasonally adjusted annual rate of 444000 according to data released today by the US Cen-sus Bureau and the Department of Housing and Urban Development (HUD) On an annual basis sales of new single-family homes increased by 216 percentWhile the jump in mortgage rates that occurred last spring may have temporarily stymied home sales any blow to the market was ldquoentirely transitoryrdquo according to research firm Capital Economics Octoberrsquos new home sales were about equal to those recorded between January and June of this year despite the fact that average mortgage rates were 60 basis points higher in October

12712 EnglandOverland Park KS 66213Fontainbleau SubdivisionMLS 1860304$3180004 Bed 32 Bath

9513 W 164th PlaceOverland Park KS 66085WyngateMLS 1860662$4535004 Bed 31 Bath9504 W 164th PlaceOverland Park KS 66085WyngateMLS 1860523$4680004 Bed 31 Bath15921 Ballentine StreetOverland Park KS 66062Deer ValleyMLS 1860080$4690005 Bed 41 Bath

10111 Fontana LaneOverland Park KS 66207Cherry HillsMLS 1860510$3299004 Bed 31 Bath

NEW OVERLAND PARK LISTINGS

How Much Income Home Buyers Need to PurchaseThe necessary income it takes to buy a median-priced home varies quite a bit across the country In Cleveland you could earn $22000 a year and still afford a house but in San Francisco you need to earn six times that mdash $125072 HSH Associates a publisher of mortgage data evaluated 25 major metros to see how much income home buyers need to earn in order to purchase a me-dian-priced home and cover the principal and interest payment on the mortgage The survey uses median home price data from the National Association of REALTORSregrsquo third-quarter report and subtracts a 20 percent down payment from those numbers The list does not factor in taxes mandatory insurance or home owner fees Here are some of the cities where you would need to earn the least amount in order to purchase a median-priced home there Cleveland $22348Cincinnati $25151St Louis $25228Atlanta $26863Tampa $26930Orlando $29631Here are some of the cities that require the highest salaries to afford a median-priced home San Francisco $125072San Diego $85843Los Angeles $79177New York City $71255Boston $68956Washington DC $68345Source ldquoThe Salary You Must Earn to Buy a Home in 25 Citiesrdquo HSHcom (November 2013)

Making the Most of Your Buyersrsquo Winter Search

The holidays are the perfect time of year for some home buyers to purchase a house and snag a great year-end deal mdash but limited inventory may be the ScroogeAfter a challenging home-buying season in the spring and summer many buyers say they plan to reignite their home search during the winter according to a recent realtorcomreg survey Theyrsquore hoping for less competition from all-cash buyers and fewer bidding wars during that time However winter often brings about limited inventories of homes for sale so buyers will likely find fewer choices It seems that buyers expect that 45 percent of those surveyed in the realtorcomregWinter Home Buyer Report say they believe theyrsquoll be up against inventory challenges again during the winter monthsSome real estate agents are grappling with that issue by finding homes that arenrsquot officially on the market to increase their buyersrsquo choices They are even drum-ming up ldquoold expiresrdquo mdash homes that were listed several years ago but never sold mdash to see if the owner will reconsider selling Some brokers are also sending letters to home owners in their buyerrsquos preferred neighborhood to motivate a home owner to consider sellingStill buyers shopping for a home in winter may find sellers more amenable to striking a good deal Particularly during the holidays sellers can be highly motivat-ed to sell before the end of the year says Tim Deihl associate broker at Gibson Sothebyrsquos International Realty in Boston Buyers may be able to take advantage of that sellersrsquo urgencyldquoA seller whorsquos looking to move a piece of real estate during the holidays is a seller who needs to sell because nobody in their right mind would pick that as the most convenient time to list their propertyrdquo Deihl saysSource ldquoHoliday home-buying may pay offrdquo Bankratecom (Dec 2 2013)

Buying Tips and Info

How Does Your Property Tax Burden CompareProperty taxes are an important source of revenue for city governments but rates can vary substantially across the country Property taxes make up about one quarter of home ownership costs over the median duration of ownership according to a study by two researchers with the Urban-Brookings Tax Policy Center The studyrsquos authorsmdashBenjamin H Harris policy director of the Hamilton Project and Brian David Moore a research assistant at the Urban-Brookings Tax Policy Centermdashnote that several counties and states have tried to decrease the burden through homestead exemptions and other laws But property taxes tend to make up a big part of local revenues Indeed property taxes comprise 346 percent of total local revenues and nearly 64 per-cent of local own-source revenue the researchers note Nationwide 60 percent of counties in the country had an average tax burden between $500 and $1500 per home owner Home owners in about 13 percent of counties paid less on average and 27 percent paid more Only 3 percent of counties had average bills that were more than $4000 New York and New Jersey tend to have the highest number of counties with the highest property tax burdens Westchester Nassau and Bergen counties in New York had the three highest average tax burdens all more than $8500 This reflects higher home prices as well as a higher reliance on property taxes by the state and local governments there Higher rates of property taxes are mostly found in the Northeast and parts of the Midwest according to the researchersOn the other hand 24 counties had average taxes below $250 with the majority of those counties located in Alabama or Louisiana

The United Nations Now Uses Drones - Colin DailedaThe sky over the Democratic Republic of Congo is now dotted with two white dronesmdashthe first unmanned aircraft owned by the United NationsThey took off from the city of Goma on Tuesday where they will help the UN better monitor rebel activity along the nationrsquos borders with Uganda and Rwanda according to The GuardianThe peacekeeping organization was integral to recently defeating M23 a rebel group in the Democratic Republic of Congo that took over Goma at one point last year But for a nation that has been battered by vi-olent groups for around 20 years defeating one is not enough and the 20000 UN troops throughout the country have not been able to end the bloodshed Other rebel factions lurk amidst dense forest in remote Congolese terrain and the UN believes drones will help track their movementldquoThe UN hasnrsquot had good surveillance and intel gathering capability in general so this is an improvementrdquo Peter Singer director of the Center for 21st Century Security and Intelligence at the Brookings Institution told Mashable in an email He added that drones are not only better than people at monitoring wide swaths of land but can also monitor one area for much longer periods of timeThese pilotless aircraft are a type of drone known as Falcos built by a subsidiary of the Italian company Finmeccanica Theyrsquore equipped with only cameras have a range of about 150 miles and have a UN Security council mandate to fly over only Congolese territory The UN plans to launch another by the end of the month and two more next MarchIf the monitoring is successful peacekeeping drone operations may soon expand to other African countries such as South Sudan and MaliAccording to The Guardian South Sudanese officials have requested the unmanned aircraft likely to assist in tracking rebel groups within their own bordersMuch of Mali a North African nation was taken over by terrorist groups earlier this year and many fear that could happen again UN drones would be better able to monitor the activities of these groups than would soldiers of the Malian government

tech roundupApple says 74 percent of App Store users are running iOS 7BY JON FINGAS

Two can play the OS statistics game it seems Just a couple of days after Google noted that 11 percent of Android devices vis-iting Google Play are running KitKat Apple has revealed that 74 percent of recent App Store customers are using iOS 7 Thatrsquos a healthy 10-point improvement over what we saw in October when 64 percent were running Cupertinorsquos newest platform The differ-ences in OS adoption rates arenrsquot totally surprising mind you Ap-ple is targeting a narrower pool of hardware doesnrsquot have to wait for third-party approvals and recently launched two new iPadsthat could easily boost iOS 7 adoption Android by its nature targets a wider range ofdevices and software interfaces that wonrsquot always re-ceive updates at the same time We wouldnrsquot expect a big spike in KitKat use until larger phone makers like HTC and Samsung throw their full weight behind Googlersquos latest platform

Next-Gen USB Connector Coming for Tech Gadgets

The USB connector is getting a makeover with a new plug type that is smaller and reversible but donrsquot expect it to be compatible with all existing USB plugs Yoursquoll need an adapter to plug it into older devices TechSpot reports The new USB connector dubbed Type-C is being proposed by USB 30 Promoter Group It will ldquofinally stop issues with not being able to insert the plug correctly the first timerdquo TechSpot reports The new version will accept the plug from either end ldquoType-C will also be smaller than the current Type-A plug similar in size to the micro USB 20 connector [which is found in most modern cell phones]rdquo The connector will be used to deliver power video and data across devices Itrsquoll usher in a new ldquosuper-thin classrdquo of devices the USB 30 Promoter Group saysThe new connector is currently in development Itrsquos expected to be finalized by mid-2014 The Type-C connectors are being developed to be paired with USB 31 on new devices toward the end of next year USB 31 will boost power delivery to the devices

Source ldquoNew USB connector inbound set to be smaller and revers-iblerdquo TechSpot (Dec 4 2013) and ldquoNext-gen USB connector will (finally) fit both waysrdquo PCWorld (Dec 4 2013)

5 Budding Social Data Startups to Watch - Mashable

Itrsquos still unclear exactly how Apple plans to use Topsy the social media analytics firm the tech giant acquired on Monday for a reported $200 million The possible theories are intriguing and numerous speculation includes improvements to Siri building social integration into Apple TV and even the creation of an Apple search engine to rival Google on mobile devicesRegardless of Applersquos motivation though other companies that make money by analyzing social data such as public posts and tweets are taking away a major positive from the news validationDozens of startups are trying to make sense of the millions of so-cial media interactions that take place each day Brands are using social data to monitor advertising campaigns identify new cus-tomers and engage with existing customers

1 140 ProofSan Francisco-based 140 Proof has created what it calls a Blend-ed Interest Graph a tool that targets consumers based on their social media posts and helps advertisers reach the appropriate audience The company works with thousands of advertisers in-cluding big names like Kraft Chevy and Microsoft to surface ads on the web and on mobile where consumers use their social IDs (Think Tumblr and Wordpress blogs and mobile apps that require a social login)2 DataSiftThe other darling from this busy week DataSift announced a $42 million funding round on Tuesday pushing the companyrsquos financing total over $70 million Half of the employees in the company are engineers Bailey said and the new funding means DataSift will continue to hire aggressively3 GnipGnip is the third and final US company with access to the entire Twitter firehose a valuable commodity as it allows access to every tweet sent around the world4 LeadSiftLeadSift is a small startup even by this listrsquos standards That doesnrsquot mean it canrsquot churn out useful results for its customers though LeadSift uses social media to bring brands and retailers the perfect customers5 Lithium TechnologiesAnother social startup based in San Francisco (surprise surprise) Lithium helps its customers build their own social communities online often as part of larger company websites The move allows Lithium clients to better engage with fans and customers of the brand control where the conversation happens and become an active participant without relying exclusively on external sites like Facebook or TwitterThe company announced a ldquopre-IPOrdquo round of financing in Sep-tember netting $50 million to bring Lithiumrsquos total fundraising over $150 million There is no set timetable for the companyrsquos IPO according to sources close to Lithium but an IPO toward the back half of 2014 wouldnrsquot be a surprise

RESOURCESWebsitesReece amp Nichols | jasondavisreeceandnicholscomPersonalized MyNeighborhood Report | jasondavisreeceandnicholscompagesrequest-myneighborhood-reportDavis Property Advisory Group | dpagkccomFacebook Profile | facebookcomJasonMDavis247Facebook Page | facebookcomdavisadvisorygroupGoogle+ | googlU1S3DDTwitter | twittercomjasonmdavis247LinkedIn | linkedincominjasonmichaeldavisPinterest | pinterestcomjasonmdavisInstagram | instagramcomjasonmdavis247Vimeo | vimeocomuser8372884YouTube | youtubecomuserutubejmdavis

Phone NumbersMaryhelen Loya | Homeservices Lending | 9132070713Terry Werth | Homeservices Lending | 9132666635Natalie Latta | Homeservices Lending - Reno Loans | 9132848166Kristy Rayos | Continental Title | 9133383232Lisa VanNewenhouse | Continental Title | 8169314916Jeff Duncan | Omega Title | 8164565698Dan Speck | Danrsquos Handyman Service | 8164528761

dpagKCcom

Page 6: Davis Property Advisory Group Magazine 01.04

Voorheis Vale - A Community for Everyone

2 and 3 Bedroom homes available from as low as $79900 Stop by and see all this wonderful community has to offer located in Independence Missouri at the intercention of Norfleet Rd and 47th Street and call 9134868509 to-day to make an appointment

jasondavisreeceandnicholscom

Jason M Davis MBA MSW ABR GREEN BPOR SFRRealtorreg|Strategic Marketing amp Social Media Professional

11100 Antioch Road | Overland Park KS 66210(c)9134868509 (f)9139815497

JasonDavisReeceandNicholscom or JasonDPAGKCcom

f

KC Real Estate News amp InfoPower amp Light BuildingAustin Alonzo Kansas City Business Journal

The 30-story 231000-square-foot Kansas City Power amp Light Co Building home to the electric utility from 1931 until 1992 is probably the most famous member of the downtown Kansas City skyline It was originally conceived as office space for the grow-ing KCPampL in the late 1920s The company chose Hoit Price and Barnes mdash which designed prominent Kansas City buildings such as 909 Walnut Municipal Auditorium and the Kansas City Museum at Corinthian Hall mdash as its architectResearch [PDF] from the Missouri Department of Natural Resourc-es said the steel-framed limestone-sheathed office building was built with heavy ornamentation mdash like other buildings built in the Art Deco style popular in the 1930s and 1940s mdash representing images of light and energy inside and out It is capped off with an internally illuminated six-story glass lantern The west side of building has few windows and lacks the decoration of the other fa-cade Plans originally called for a second building but the money was not there during the Great DepressionThe building is now inhabited by Kansas City architecture firm BNIM Recent plans have called for converting the building into residential space or weaving it into a plan to build a new conven-tion center hotel but nothing has come to pass yetAmirahmadi said the Power amp Light Building speaks to him be-cause it is a ldquolivingrdquo piece of art that both speaks to Kansas Cityrsquos glamorous past and inspires its futureldquoIt speaks to its time but at the same time is not datedrdquo Amirah-madi said ldquoIt has a charm and a character which is going to be attractive for generations to comerdquoOn a textbook level Amirahmadi said the building has a deep sensitivity for scale and proportion The building has a ldquotelescop-ingrdquo geometric appearance that tapers off from a wide square base on the bottom floors to a more narrow rectangular top section which narrows into the buildingrsquos signature lantern

River Market apartment project announced Rob Roberts - Kansas City Business Journal

KC Commercial Realty Group is planning a five-story 56-unit mar-ket-rate apartment building at the southeast corner of Fifth Street and Grand Boulevard in the River MarketThe project called Centropolis on Grand will be built on two vacant lots that the developers acquired from Lawson Bank and SAM Properties said Justin Cottrell a principal with KC Commer-cial RealtyCottrell said the developers will be seeking a standard property tax abatement mdash 100 percent for 10 years followed by 50 percent for 15 years mdash from the Planned Industrial Expansion Authority The estimated project cost is $8 million he saidThe building will include 52 one-bedroom units and four two-bed-room units Each unit will have one parking space on the first level of the structureConstruction of the 84000-square-foot structure will begin in spring 2014 with leasing to begin in the first quarter of 2015 The building is being designed by NSPJ Architects of Prairie Village The exterior elevations have been designed to have a historic feel to fit into the existing landscape of the River MarketThe name Centropolis on Grand is a nod to a historic hotel located at this intersection of the River Market from 1880 to 1940 The Centropolis Hotel was named by Major William Gilpin a map-maker and early booster of Kansas City As far back as 1859 Gilpin referred to Kansas City as ldquoCentropolisrdquo due to its close proximity to the geographical center of the United States The hotel was razed in 1941 as development in Kansas City moved southward In its peak vibrancy the Centropolis Hotel was a destination for movie stars and presidentsThe River Market site is located near the City Market a city-owned property that is privately managed by KC Commercial Realty GroupldquoThe River Market is an iconic Kansas City neighborhood and is an increasingly desirable place to liverdquo Cottrell said ldquoThe continued development of the neighborhood and the addition of the street-car make the Centropolis on Grand an attractive option for those interested in urban living We are excited to increase residential options and KC Commercial Realty Grouprsquos presence in the River Marketrdquo

11 E 66TH StreetKansas City MO 64113Armour HillsMLS 1858927$3249503 Bed 2 Bath

453 W 70th TerraceKansas City MO 64113Romanelli GardensMLS 1859279$4750004 Bed 31 Bath600 W 67th StreetKansas City MO 64113Armour FieldsMLS 1859279$6250004 Bed 31 Bath833 W 57th TerraceKansas City MO 64113Country Club RidgeMLS 1858909$7150004 Bed 51 Bath

1225 W 67th StreetKansas City MO 64113Romanelli West SubdivisionMLS 1860213$4490003 Bed 21 Bath

NEW BROOKSIDE LISTINGS

Financial and National News

4 Things You Didnrsquot Know About the Fair Housing Act - Meg WhiteUsually I try to point Book Scan readers to the written word but occasionally I find a piece of audio worth recommending Last time I pointed you toward a wonderful novel about a real estate agent but this time Irsquom suggesting a podcast Yesterday I was listening to This American Life an NPR radio show produced by my local station WBEZ The show produces one hour of radio a week usually with several segments organized around a central theme If you have never listened before the Nov 22 episode is a great place to start if yoursquore in real estate The show titled ldquoHouse Rulesrdquo addresses the idea of ldquodestiny by addressrdquo through an examination of the 1968 Fair Housing ActOne might argue that real estate professionals know more than the average bear about the Fair Housing Act since itrsquos so integral to the housing industry in this country But here are a few items that you might not know about fair housing in America and the legislation itself1 The federal government pretty much invented redlining 2 Walter Mondalersquos sponsorship of the Fair Housing Act was something of a fluke 3 One book that likely never would have made it to print today had a big impact President Johnson convened the National Advisory Commission on Civil Disorders known as the Kerner Commission to look at the causes of the race riots that rocked many American cities between 1965 and 19684 The Fair Housing Act had a legislative precursorhellip signed into law less than one year after Abraham Lincolnrsquos death Yes the Civil Rights Act of 1866 prohibited all racial discrimination in the sale or rental of property But be-cause it did not contain any federal penalties for violators more specific legislation was necessary during the civil rights era to actually accomplish many of the goals set out by this initial actFind much more at NARrsquos online home for the Fair Housing Program Itrsquos not too early to start gathering ideas and supplies to celebrate Fair Housing Month this coming April

Spike in New-Home Sales lsquoNegatesrsquo Interest-Rate TroubleSource NAHBSingle-family new-home sales posted a sharp rise in October up 254 percent from September according to newly released Census Bureau data That was a similar rate to last spring when the new-home market was taking off in recovery mode Across the country all regions posted double-digit gains in new-home sales in October In the Midwest they jumped 34 percent 282 percent in the South 192 percent in the Northeast and 152 percent in the West As sales gained inventory levels fell to a 49-month supply ldquoThe strong October results return us to the sales levels we saw earlier this year and negate the pause caused by the sudden jump in interest ratesrdquo says David Crowe chief economist for the National Association of Home Builders ldquoWe expect sales to continue to rise as pent-up demand is released and first-time home buyers creep back into the marketrdquoHowever some economists and analysts point to several headwinds that persist and could dampen sales in the coming months ldquoThe market is stabilizing but maybe it hasnrsquot come back to the degree that todayrsquos data would suggestrdquo says Mark Zandi chief economist for Moodyrsquos Analytics Several recent homebuilder surveys have shown new-home sales posting much more modest increases mdash or even falling Builders have blamed a 1 percentage point rise in interest rates be-tween May and September as one big culprit in slowing new-home sales in their markets Also double-digit percentage increases in the price of new homes has sidelined some buyers The average price for a new home was $321700 in October according to Census data That puts it on par with the average price during the 2006-07 boom times But with a slight pullback recently in interest rate increases and a small increase in economic confidence some buyers have come off the fence this fall ldquoItrsquos more active nowrdquo Brendan Wright a real estate professional at At-lanta Fine Homes Sothebyrsquos International told The Wall Street Journal ldquoThere was so much activity in the spring and summer that the people who missed the boat then are circling back now as opposed to waiting for next springrdquo

Farewell To an Amazing Hero

12705 Briar StreetLeawood KS 66209Highlands of LeawoodMLS 1859422$3299004 Bed31 Bath

9821 Lee CircleLeawood KS 66206Leawood EstatesMLS 1858084$4750003 Bed2 Bath3006 W 147th StreetLeawood KS 66224Leabrooke HighlandsMLS 1857749$4787805 Bed5 Bath3621 W 121st TerraceLeawood KS 66209Bradford PlaceMLS 1859540$7749506 Bed51 Bath

5200 W 112th StreetLeawood KS 66211Leawood Country ManorMLS 1859148$3750005 Bed41 Bath

NEW LEAWOOD LISTINGS

Home Buyers Plan to Make a Move This WinterHome buyers who werenrsquot successful this summer at finding a home due to limited inventories and competition from all-cash offers are looking to retry their luck in the winter according to realtorcomregrsquos Winter Home Buyer Report ldquoThis summer and spring home-buying season was particularly challenging for buyers especially first-time home buyers trying to compete with all-cash offers and bidding wars because of reduced inventoryrdquo says Alison Schwartz vice president of corporate communications at realtorcomreg ldquoIn fact a quarter of the winter home buyers revealed they are in the market now because they were unable to find a home during this last home-buying seasonrdquoBut winter home buyers know theyrsquoll face some challenges Forty-five percent of those surveyed say they believe they will be up against inventory challenges again with few homes for sale within the price range they desire Twenty-nine percent also say that winter weather makes house-hunting unpleasant But they believe that the winter can be a good time to buy a home Twenty-six percent say winter is a good time to buy because they feel sellers will be more motivated and willing to negotiate Twenty-four percent also say they think home prices will be betterOf those looking to buy this winter 23 percent are planning to make a down pay-ment of 10 to 20 percent according to the realtorcomreg survey Twenty-two percent are planning to put down 21 to 99 percent in cash 19 percent plan to put down 100 percent cash and 13 percent are planning to make a down payment of 35 percent to qualify for a Federal Housing Administration loan Source realtorcom (Nov 20 2013)

SELLINGTIPS AND INFO

Investors Target lsquoHipstersrsquoThink hipsters arenrsquot as cool as they think they are Take a look at their effects on housingThe hipster lifestyle can have a ldquomajor impact on lo-cal real estate markets and mostly in a positive wayrdquo says Daren Blomquist vice president of RealtyTrac Neighborhoods that are branded as ldquohipsterrdquo often offer trendy restaurants coffee shops and other amenities mdash and thatrsquos likely to see property values and rental rates rise Blomquist saysSavvy real estate investors are even targeting hipster markets to purchase rental properties betting that they will offer up steady cash flow and strong appreciationRealtyTrac analyzed ZIP codes across the country to identify ldquohyper-local hipsterrdquo markets that offer investors solid returns on rental properties and boast low vacancy rates For its survey RealtyTrac identified ZIP codes where at least 20 percent of the popula-tion is between 25 and 34 years old mdash prime hipster age RealtyTrac also looked at densely populated neighborhoods that are walkable or use public transportation and where renters account for at least 50 percent of all housing units and vacancy rates are 5 percent or lessThe following ldquohipsterrdquo markets offered some of the highest gross yields in rents for investors based on fair-market rents and median home pricesSt Paul Minn (55101) 1398 gross rent yieldPittsburgh (15203) 1084Norfolk Va (23510) 796Minneapolis (55401) 776Alexandria Va (22304) 766East Rutherford NJ (07073) 706Arlington Va (22203) 669Iowa City Iowa (52246) 649Seattle (98121) 618Bellevue Wash (98007) 595Minneapolis (55408) 593Sunnyside NY (11104) 590Hoboken NJ (07030) 588Astoria NY (11102) 568Brooklyn NY (11232) 566Silver Spring Md (20910) 546Chicago (60625) 518 Source RealtyTrac

Sales of new single-family homes skyrocketed in October ending a three-month slump that began in July and providing evidence that elevated mortgage rates have not seriously hobbled the housing recoveryNew-home sales leaped 254 percent from September to October to a seasonally adjusted annual rate of 444000 according to data released today by the US Cen-sus Bureau and the Department of Housing and Urban Development (HUD) On an annual basis sales of new single-family homes increased by 216 percentWhile the jump in mortgage rates that occurred last spring may have temporarily stymied home sales any blow to the market was ldquoentirely transitoryrdquo according to research firm Capital Economics Octoberrsquos new home sales were about equal to those recorded between January and June of this year despite the fact that average mortgage rates were 60 basis points higher in October

12712 EnglandOverland Park KS 66213Fontainbleau SubdivisionMLS 1860304$3180004 Bed 32 Bath

9513 W 164th PlaceOverland Park KS 66085WyngateMLS 1860662$4535004 Bed 31 Bath9504 W 164th PlaceOverland Park KS 66085WyngateMLS 1860523$4680004 Bed 31 Bath15921 Ballentine StreetOverland Park KS 66062Deer ValleyMLS 1860080$4690005 Bed 41 Bath

10111 Fontana LaneOverland Park KS 66207Cherry HillsMLS 1860510$3299004 Bed 31 Bath

NEW OVERLAND PARK LISTINGS

How Much Income Home Buyers Need to PurchaseThe necessary income it takes to buy a median-priced home varies quite a bit across the country In Cleveland you could earn $22000 a year and still afford a house but in San Francisco you need to earn six times that mdash $125072 HSH Associates a publisher of mortgage data evaluated 25 major metros to see how much income home buyers need to earn in order to purchase a me-dian-priced home and cover the principal and interest payment on the mortgage The survey uses median home price data from the National Association of REALTORSregrsquo third-quarter report and subtracts a 20 percent down payment from those numbers The list does not factor in taxes mandatory insurance or home owner fees Here are some of the cities where you would need to earn the least amount in order to purchase a median-priced home there Cleveland $22348Cincinnati $25151St Louis $25228Atlanta $26863Tampa $26930Orlando $29631Here are some of the cities that require the highest salaries to afford a median-priced home San Francisco $125072San Diego $85843Los Angeles $79177New York City $71255Boston $68956Washington DC $68345Source ldquoThe Salary You Must Earn to Buy a Home in 25 Citiesrdquo HSHcom (November 2013)

Making the Most of Your Buyersrsquo Winter Search

The holidays are the perfect time of year for some home buyers to purchase a house and snag a great year-end deal mdash but limited inventory may be the ScroogeAfter a challenging home-buying season in the spring and summer many buyers say they plan to reignite their home search during the winter according to a recent realtorcomreg survey Theyrsquore hoping for less competition from all-cash buyers and fewer bidding wars during that time However winter often brings about limited inventories of homes for sale so buyers will likely find fewer choices It seems that buyers expect that 45 percent of those surveyed in the realtorcomregWinter Home Buyer Report say they believe theyrsquoll be up against inventory challenges again during the winter monthsSome real estate agents are grappling with that issue by finding homes that arenrsquot officially on the market to increase their buyersrsquo choices They are even drum-ming up ldquoold expiresrdquo mdash homes that were listed several years ago but never sold mdash to see if the owner will reconsider selling Some brokers are also sending letters to home owners in their buyerrsquos preferred neighborhood to motivate a home owner to consider sellingStill buyers shopping for a home in winter may find sellers more amenable to striking a good deal Particularly during the holidays sellers can be highly motivat-ed to sell before the end of the year says Tim Deihl associate broker at Gibson Sothebyrsquos International Realty in Boston Buyers may be able to take advantage of that sellersrsquo urgencyldquoA seller whorsquos looking to move a piece of real estate during the holidays is a seller who needs to sell because nobody in their right mind would pick that as the most convenient time to list their propertyrdquo Deihl saysSource ldquoHoliday home-buying may pay offrdquo Bankratecom (Dec 2 2013)

Buying Tips and Info

How Does Your Property Tax Burden CompareProperty taxes are an important source of revenue for city governments but rates can vary substantially across the country Property taxes make up about one quarter of home ownership costs over the median duration of ownership according to a study by two researchers with the Urban-Brookings Tax Policy Center The studyrsquos authorsmdashBenjamin H Harris policy director of the Hamilton Project and Brian David Moore a research assistant at the Urban-Brookings Tax Policy Centermdashnote that several counties and states have tried to decrease the burden through homestead exemptions and other laws But property taxes tend to make up a big part of local revenues Indeed property taxes comprise 346 percent of total local revenues and nearly 64 per-cent of local own-source revenue the researchers note Nationwide 60 percent of counties in the country had an average tax burden between $500 and $1500 per home owner Home owners in about 13 percent of counties paid less on average and 27 percent paid more Only 3 percent of counties had average bills that were more than $4000 New York and New Jersey tend to have the highest number of counties with the highest property tax burdens Westchester Nassau and Bergen counties in New York had the three highest average tax burdens all more than $8500 This reflects higher home prices as well as a higher reliance on property taxes by the state and local governments there Higher rates of property taxes are mostly found in the Northeast and parts of the Midwest according to the researchersOn the other hand 24 counties had average taxes below $250 with the majority of those counties located in Alabama or Louisiana

The United Nations Now Uses Drones - Colin DailedaThe sky over the Democratic Republic of Congo is now dotted with two white dronesmdashthe first unmanned aircraft owned by the United NationsThey took off from the city of Goma on Tuesday where they will help the UN better monitor rebel activity along the nationrsquos borders with Uganda and Rwanda according to The GuardianThe peacekeeping organization was integral to recently defeating M23 a rebel group in the Democratic Republic of Congo that took over Goma at one point last year But for a nation that has been battered by vi-olent groups for around 20 years defeating one is not enough and the 20000 UN troops throughout the country have not been able to end the bloodshed Other rebel factions lurk amidst dense forest in remote Congolese terrain and the UN believes drones will help track their movementldquoThe UN hasnrsquot had good surveillance and intel gathering capability in general so this is an improvementrdquo Peter Singer director of the Center for 21st Century Security and Intelligence at the Brookings Institution told Mashable in an email He added that drones are not only better than people at monitoring wide swaths of land but can also monitor one area for much longer periods of timeThese pilotless aircraft are a type of drone known as Falcos built by a subsidiary of the Italian company Finmeccanica Theyrsquore equipped with only cameras have a range of about 150 miles and have a UN Security council mandate to fly over only Congolese territory The UN plans to launch another by the end of the month and two more next MarchIf the monitoring is successful peacekeeping drone operations may soon expand to other African countries such as South Sudan and MaliAccording to The Guardian South Sudanese officials have requested the unmanned aircraft likely to assist in tracking rebel groups within their own bordersMuch of Mali a North African nation was taken over by terrorist groups earlier this year and many fear that could happen again UN drones would be better able to monitor the activities of these groups than would soldiers of the Malian government

tech roundupApple says 74 percent of App Store users are running iOS 7BY JON FINGAS

Two can play the OS statistics game it seems Just a couple of days after Google noted that 11 percent of Android devices vis-iting Google Play are running KitKat Apple has revealed that 74 percent of recent App Store customers are using iOS 7 Thatrsquos a healthy 10-point improvement over what we saw in October when 64 percent were running Cupertinorsquos newest platform The differ-ences in OS adoption rates arenrsquot totally surprising mind you Ap-ple is targeting a narrower pool of hardware doesnrsquot have to wait for third-party approvals and recently launched two new iPadsthat could easily boost iOS 7 adoption Android by its nature targets a wider range ofdevices and software interfaces that wonrsquot always re-ceive updates at the same time We wouldnrsquot expect a big spike in KitKat use until larger phone makers like HTC and Samsung throw their full weight behind Googlersquos latest platform

Next-Gen USB Connector Coming for Tech Gadgets

The USB connector is getting a makeover with a new plug type that is smaller and reversible but donrsquot expect it to be compatible with all existing USB plugs Yoursquoll need an adapter to plug it into older devices TechSpot reports The new USB connector dubbed Type-C is being proposed by USB 30 Promoter Group It will ldquofinally stop issues with not being able to insert the plug correctly the first timerdquo TechSpot reports The new version will accept the plug from either end ldquoType-C will also be smaller than the current Type-A plug similar in size to the micro USB 20 connector [which is found in most modern cell phones]rdquo The connector will be used to deliver power video and data across devices Itrsquoll usher in a new ldquosuper-thin classrdquo of devices the USB 30 Promoter Group saysThe new connector is currently in development Itrsquos expected to be finalized by mid-2014 The Type-C connectors are being developed to be paired with USB 31 on new devices toward the end of next year USB 31 will boost power delivery to the devices

Source ldquoNew USB connector inbound set to be smaller and revers-iblerdquo TechSpot (Dec 4 2013) and ldquoNext-gen USB connector will (finally) fit both waysrdquo PCWorld (Dec 4 2013)

5 Budding Social Data Startups to Watch - Mashable

Itrsquos still unclear exactly how Apple plans to use Topsy the social media analytics firm the tech giant acquired on Monday for a reported $200 million The possible theories are intriguing and numerous speculation includes improvements to Siri building social integration into Apple TV and even the creation of an Apple search engine to rival Google on mobile devicesRegardless of Applersquos motivation though other companies that make money by analyzing social data such as public posts and tweets are taking away a major positive from the news validationDozens of startups are trying to make sense of the millions of so-cial media interactions that take place each day Brands are using social data to monitor advertising campaigns identify new cus-tomers and engage with existing customers

1 140 ProofSan Francisco-based 140 Proof has created what it calls a Blend-ed Interest Graph a tool that targets consumers based on their social media posts and helps advertisers reach the appropriate audience The company works with thousands of advertisers in-cluding big names like Kraft Chevy and Microsoft to surface ads on the web and on mobile where consumers use their social IDs (Think Tumblr and Wordpress blogs and mobile apps that require a social login)2 DataSiftThe other darling from this busy week DataSift announced a $42 million funding round on Tuesday pushing the companyrsquos financing total over $70 million Half of the employees in the company are engineers Bailey said and the new funding means DataSift will continue to hire aggressively3 GnipGnip is the third and final US company with access to the entire Twitter firehose a valuable commodity as it allows access to every tweet sent around the world4 LeadSiftLeadSift is a small startup even by this listrsquos standards That doesnrsquot mean it canrsquot churn out useful results for its customers though LeadSift uses social media to bring brands and retailers the perfect customers5 Lithium TechnologiesAnother social startup based in San Francisco (surprise surprise) Lithium helps its customers build their own social communities online often as part of larger company websites The move allows Lithium clients to better engage with fans and customers of the brand control where the conversation happens and become an active participant without relying exclusively on external sites like Facebook or TwitterThe company announced a ldquopre-IPOrdquo round of financing in Sep-tember netting $50 million to bring Lithiumrsquos total fundraising over $150 million There is no set timetable for the companyrsquos IPO according to sources close to Lithium but an IPO toward the back half of 2014 wouldnrsquot be a surprise

RESOURCESWebsitesReece amp Nichols | jasondavisreeceandnicholscomPersonalized MyNeighborhood Report | jasondavisreeceandnicholscompagesrequest-myneighborhood-reportDavis Property Advisory Group | dpagkccomFacebook Profile | facebookcomJasonMDavis247Facebook Page | facebookcomdavisadvisorygroupGoogle+ | googlU1S3DDTwitter | twittercomjasonmdavis247LinkedIn | linkedincominjasonmichaeldavisPinterest | pinterestcomjasonmdavisInstagram | instagramcomjasonmdavis247Vimeo | vimeocomuser8372884YouTube | youtubecomuserutubejmdavis

Phone NumbersMaryhelen Loya | Homeservices Lending | 9132070713Terry Werth | Homeservices Lending | 9132666635Natalie Latta | Homeservices Lending - Reno Loans | 9132848166Kristy Rayos | Continental Title | 9133383232Lisa VanNewenhouse | Continental Title | 8169314916Jeff Duncan | Omega Title | 8164565698Dan Speck | Danrsquos Handyman Service | 8164528761

dpagKCcom

Page 7: Davis Property Advisory Group Magazine 01.04

f

KC Real Estate News amp InfoPower amp Light BuildingAustin Alonzo Kansas City Business Journal

The 30-story 231000-square-foot Kansas City Power amp Light Co Building home to the electric utility from 1931 until 1992 is probably the most famous member of the downtown Kansas City skyline It was originally conceived as office space for the grow-ing KCPampL in the late 1920s The company chose Hoit Price and Barnes mdash which designed prominent Kansas City buildings such as 909 Walnut Municipal Auditorium and the Kansas City Museum at Corinthian Hall mdash as its architectResearch [PDF] from the Missouri Department of Natural Resourc-es said the steel-framed limestone-sheathed office building was built with heavy ornamentation mdash like other buildings built in the Art Deco style popular in the 1930s and 1940s mdash representing images of light and energy inside and out It is capped off with an internally illuminated six-story glass lantern The west side of building has few windows and lacks the decoration of the other fa-cade Plans originally called for a second building but the money was not there during the Great DepressionThe building is now inhabited by Kansas City architecture firm BNIM Recent plans have called for converting the building into residential space or weaving it into a plan to build a new conven-tion center hotel but nothing has come to pass yetAmirahmadi said the Power amp Light Building speaks to him be-cause it is a ldquolivingrdquo piece of art that both speaks to Kansas Cityrsquos glamorous past and inspires its futureldquoIt speaks to its time but at the same time is not datedrdquo Amirah-madi said ldquoIt has a charm and a character which is going to be attractive for generations to comerdquoOn a textbook level Amirahmadi said the building has a deep sensitivity for scale and proportion The building has a ldquotelescop-ingrdquo geometric appearance that tapers off from a wide square base on the bottom floors to a more narrow rectangular top section which narrows into the buildingrsquos signature lantern

River Market apartment project announced Rob Roberts - Kansas City Business Journal

KC Commercial Realty Group is planning a five-story 56-unit mar-ket-rate apartment building at the southeast corner of Fifth Street and Grand Boulevard in the River MarketThe project called Centropolis on Grand will be built on two vacant lots that the developers acquired from Lawson Bank and SAM Properties said Justin Cottrell a principal with KC Commer-cial RealtyCottrell said the developers will be seeking a standard property tax abatement mdash 100 percent for 10 years followed by 50 percent for 15 years mdash from the Planned Industrial Expansion Authority The estimated project cost is $8 million he saidThe building will include 52 one-bedroom units and four two-bed-room units Each unit will have one parking space on the first level of the structureConstruction of the 84000-square-foot structure will begin in spring 2014 with leasing to begin in the first quarter of 2015 The building is being designed by NSPJ Architects of Prairie Village The exterior elevations have been designed to have a historic feel to fit into the existing landscape of the River MarketThe name Centropolis on Grand is a nod to a historic hotel located at this intersection of the River Market from 1880 to 1940 The Centropolis Hotel was named by Major William Gilpin a map-maker and early booster of Kansas City As far back as 1859 Gilpin referred to Kansas City as ldquoCentropolisrdquo due to its close proximity to the geographical center of the United States The hotel was razed in 1941 as development in Kansas City moved southward In its peak vibrancy the Centropolis Hotel was a destination for movie stars and presidentsThe River Market site is located near the City Market a city-owned property that is privately managed by KC Commercial Realty GroupldquoThe River Market is an iconic Kansas City neighborhood and is an increasingly desirable place to liverdquo Cottrell said ldquoThe continued development of the neighborhood and the addition of the street-car make the Centropolis on Grand an attractive option for those interested in urban living We are excited to increase residential options and KC Commercial Realty Grouprsquos presence in the River Marketrdquo

11 E 66TH StreetKansas City MO 64113Armour HillsMLS 1858927$3249503 Bed 2 Bath

453 W 70th TerraceKansas City MO 64113Romanelli GardensMLS 1859279$4750004 Bed 31 Bath600 W 67th StreetKansas City MO 64113Armour FieldsMLS 1859279$6250004 Bed 31 Bath833 W 57th TerraceKansas City MO 64113Country Club RidgeMLS 1858909$7150004 Bed 51 Bath

1225 W 67th StreetKansas City MO 64113Romanelli West SubdivisionMLS 1860213$4490003 Bed 21 Bath

NEW BROOKSIDE LISTINGS

Financial and National News

4 Things You Didnrsquot Know About the Fair Housing Act - Meg WhiteUsually I try to point Book Scan readers to the written word but occasionally I find a piece of audio worth recommending Last time I pointed you toward a wonderful novel about a real estate agent but this time Irsquom suggesting a podcast Yesterday I was listening to This American Life an NPR radio show produced by my local station WBEZ The show produces one hour of radio a week usually with several segments organized around a central theme If you have never listened before the Nov 22 episode is a great place to start if yoursquore in real estate The show titled ldquoHouse Rulesrdquo addresses the idea of ldquodestiny by addressrdquo through an examination of the 1968 Fair Housing ActOne might argue that real estate professionals know more than the average bear about the Fair Housing Act since itrsquos so integral to the housing industry in this country But here are a few items that you might not know about fair housing in America and the legislation itself1 The federal government pretty much invented redlining 2 Walter Mondalersquos sponsorship of the Fair Housing Act was something of a fluke 3 One book that likely never would have made it to print today had a big impact President Johnson convened the National Advisory Commission on Civil Disorders known as the Kerner Commission to look at the causes of the race riots that rocked many American cities between 1965 and 19684 The Fair Housing Act had a legislative precursorhellip signed into law less than one year after Abraham Lincolnrsquos death Yes the Civil Rights Act of 1866 prohibited all racial discrimination in the sale or rental of property But be-cause it did not contain any federal penalties for violators more specific legislation was necessary during the civil rights era to actually accomplish many of the goals set out by this initial actFind much more at NARrsquos online home for the Fair Housing Program Itrsquos not too early to start gathering ideas and supplies to celebrate Fair Housing Month this coming April

Spike in New-Home Sales lsquoNegatesrsquo Interest-Rate TroubleSource NAHBSingle-family new-home sales posted a sharp rise in October up 254 percent from September according to newly released Census Bureau data That was a similar rate to last spring when the new-home market was taking off in recovery mode Across the country all regions posted double-digit gains in new-home sales in October In the Midwest they jumped 34 percent 282 percent in the South 192 percent in the Northeast and 152 percent in the West As sales gained inventory levels fell to a 49-month supply ldquoThe strong October results return us to the sales levels we saw earlier this year and negate the pause caused by the sudden jump in interest ratesrdquo says David Crowe chief economist for the National Association of Home Builders ldquoWe expect sales to continue to rise as pent-up demand is released and first-time home buyers creep back into the marketrdquoHowever some economists and analysts point to several headwinds that persist and could dampen sales in the coming months ldquoThe market is stabilizing but maybe it hasnrsquot come back to the degree that todayrsquos data would suggestrdquo says Mark Zandi chief economist for Moodyrsquos Analytics Several recent homebuilder surveys have shown new-home sales posting much more modest increases mdash or even falling Builders have blamed a 1 percentage point rise in interest rates be-tween May and September as one big culprit in slowing new-home sales in their markets Also double-digit percentage increases in the price of new homes has sidelined some buyers The average price for a new home was $321700 in October according to Census data That puts it on par with the average price during the 2006-07 boom times But with a slight pullback recently in interest rate increases and a small increase in economic confidence some buyers have come off the fence this fall ldquoItrsquos more active nowrdquo Brendan Wright a real estate professional at At-lanta Fine Homes Sothebyrsquos International told The Wall Street Journal ldquoThere was so much activity in the spring and summer that the people who missed the boat then are circling back now as opposed to waiting for next springrdquo

Farewell To an Amazing Hero

12705 Briar StreetLeawood KS 66209Highlands of LeawoodMLS 1859422$3299004 Bed31 Bath

9821 Lee CircleLeawood KS 66206Leawood EstatesMLS 1858084$4750003 Bed2 Bath3006 W 147th StreetLeawood KS 66224Leabrooke HighlandsMLS 1857749$4787805 Bed5 Bath3621 W 121st TerraceLeawood KS 66209Bradford PlaceMLS 1859540$7749506 Bed51 Bath

5200 W 112th StreetLeawood KS 66211Leawood Country ManorMLS 1859148$3750005 Bed41 Bath

NEW LEAWOOD LISTINGS

Home Buyers Plan to Make a Move This WinterHome buyers who werenrsquot successful this summer at finding a home due to limited inventories and competition from all-cash offers are looking to retry their luck in the winter according to realtorcomregrsquos Winter Home Buyer Report ldquoThis summer and spring home-buying season was particularly challenging for buyers especially first-time home buyers trying to compete with all-cash offers and bidding wars because of reduced inventoryrdquo says Alison Schwartz vice president of corporate communications at realtorcomreg ldquoIn fact a quarter of the winter home buyers revealed they are in the market now because they were unable to find a home during this last home-buying seasonrdquoBut winter home buyers know theyrsquoll face some challenges Forty-five percent of those surveyed say they believe they will be up against inventory challenges again with few homes for sale within the price range they desire Twenty-nine percent also say that winter weather makes house-hunting unpleasant But they believe that the winter can be a good time to buy a home Twenty-six percent say winter is a good time to buy because they feel sellers will be more motivated and willing to negotiate Twenty-four percent also say they think home prices will be betterOf those looking to buy this winter 23 percent are planning to make a down pay-ment of 10 to 20 percent according to the realtorcomreg survey Twenty-two percent are planning to put down 21 to 99 percent in cash 19 percent plan to put down 100 percent cash and 13 percent are planning to make a down payment of 35 percent to qualify for a Federal Housing Administration loan Source realtorcom (Nov 20 2013)

SELLINGTIPS AND INFO

Investors Target lsquoHipstersrsquoThink hipsters arenrsquot as cool as they think they are Take a look at their effects on housingThe hipster lifestyle can have a ldquomajor impact on lo-cal real estate markets and mostly in a positive wayrdquo says Daren Blomquist vice president of RealtyTrac Neighborhoods that are branded as ldquohipsterrdquo often offer trendy restaurants coffee shops and other amenities mdash and thatrsquos likely to see property values and rental rates rise Blomquist saysSavvy real estate investors are even targeting hipster markets to purchase rental properties betting that they will offer up steady cash flow and strong appreciationRealtyTrac analyzed ZIP codes across the country to identify ldquohyper-local hipsterrdquo markets that offer investors solid returns on rental properties and boast low vacancy rates For its survey RealtyTrac identified ZIP codes where at least 20 percent of the popula-tion is between 25 and 34 years old mdash prime hipster age RealtyTrac also looked at densely populated neighborhoods that are walkable or use public transportation and where renters account for at least 50 percent of all housing units and vacancy rates are 5 percent or lessThe following ldquohipsterrdquo markets offered some of the highest gross yields in rents for investors based on fair-market rents and median home pricesSt Paul Minn (55101) 1398 gross rent yieldPittsburgh (15203) 1084Norfolk Va (23510) 796Minneapolis (55401) 776Alexandria Va (22304) 766East Rutherford NJ (07073) 706Arlington Va (22203) 669Iowa City Iowa (52246) 649Seattle (98121) 618Bellevue Wash (98007) 595Minneapolis (55408) 593Sunnyside NY (11104) 590Hoboken NJ (07030) 588Astoria NY (11102) 568Brooklyn NY (11232) 566Silver Spring Md (20910) 546Chicago (60625) 518 Source RealtyTrac

Sales of new single-family homes skyrocketed in October ending a three-month slump that began in July and providing evidence that elevated mortgage rates have not seriously hobbled the housing recoveryNew-home sales leaped 254 percent from September to October to a seasonally adjusted annual rate of 444000 according to data released today by the US Cen-sus Bureau and the Department of Housing and Urban Development (HUD) On an annual basis sales of new single-family homes increased by 216 percentWhile the jump in mortgage rates that occurred last spring may have temporarily stymied home sales any blow to the market was ldquoentirely transitoryrdquo according to research firm Capital Economics Octoberrsquos new home sales were about equal to those recorded between January and June of this year despite the fact that average mortgage rates were 60 basis points higher in October

12712 EnglandOverland Park KS 66213Fontainbleau SubdivisionMLS 1860304$3180004 Bed 32 Bath

9513 W 164th PlaceOverland Park KS 66085WyngateMLS 1860662$4535004 Bed 31 Bath9504 W 164th PlaceOverland Park KS 66085WyngateMLS 1860523$4680004 Bed 31 Bath15921 Ballentine StreetOverland Park KS 66062Deer ValleyMLS 1860080$4690005 Bed 41 Bath

10111 Fontana LaneOverland Park KS 66207Cherry HillsMLS 1860510$3299004 Bed 31 Bath

NEW OVERLAND PARK LISTINGS

How Much Income Home Buyers Need to PurchaseThe necessary income it takes to buy a median-priced home varies quite a bit across the country In Cleveland you could earn $22000 a year and still afford a house but in San Francisco you need to earn six times that mdash $125072 HSH Associates a publisher of mortgage data evaluated 25 major metros to see how much income home buyers need to earn in order to purchase a me-dian-priced home and cover the principal and interest payment on the mortgage The survey uses median home price data from the National Association of REALTORSregrsquo third-quarter report and subtracts a 20 percent down payment from those numbers The list does not factor in taxes mandatory insurance or home owner fees Here are some of the cities where you would need to earn the least amount in order to purchase a median-priced home there Cleveland $22348Cincinnati $25151St Louis $25228Atlanta $26863Tampa $26930Orlando $29631Here are some of the cities that require the highest salaries to afford a median-priced home San Francisco $125072San Diego $85843Los Angeles $79177New York City $71255Boston $68956Washington DC $68345Source ldquoThe Salary You Must Earn to Buy a Home in 25 Citiesrdquo HSHcom (November 2013)

Making the Most of Your Buyersrsquo Winter Search

The holidays are the perfect time of year for some home buyers to purchase a house and snag a great year-end deal mdash but limited inventory may be the ScroogeAfter a challenging home-buying season in the spring and summer many buyers say they plan to reignite their home search during the winter according to a recent realtorcomreg survey Theyrsquore hoping for less competition from all-cash buyers and fewer bidding wars during that time However winter often brings about limited inventories of homes for sale so buyers will likely find fewer choices It seems that buyers expect that 45 percent of those surveyed in the realtorcomregWinter Home Buyer Report say they believe theyrsquoll be up against inventory challenges again during the winter monthsSome real estate agents are grappling with that issue by finding homes that arenrsquot officially on the market to increase their buyersrsquo choices They are even drum-ming up ldquoold expiresrdquo mdash homes that were listed several years ago but never sold mdash to see if the owner will reconsider selling Some brokers are also sending letters to home owners in their buyerrsquos preferred neighborhood to motivate a home owner to consider sellingStill buyers shopping for a home in winter may find sellers more amenable to striking a good deal Particularly during the holidays sellers can be highly motivat-ed to sell before the end of the year says Tim Deihl associate broker at Gibson Sothebyrsquos International Realty in Boston Buyers may be able to take advantage of that sellersrsquo urgencyldquoA seller whorsquos looking to move a piece of real estate during the holidays is a seller who needs to sell because nobody in their right mind would pick that as the most convenient time to list their propertyrdquo Deihl saysSource ldquoHoliday home-buying may pay offrdquo Bankratecom (Dec 2 2013)

Buying Tips and Info

How Does Your Property Tax Burden CompareProperty taxes are an important source of revenue for city governments but rates can vary substantially across the country Property taxes make up about one quarter of home ownership costs over the median duration of ownership according to a study by two researchers with the Urban-Brookings Tax Policy Center The studyrsquos authorsmdashBenjamin H Harris policy director of the Hamilton Project and Brian David Moore a research assistant at the Urban-Brookings Tax Policy Centermdashnote that several counties and states have tried to decrease the burden through homestead exemptions and other laws But property taxes tend to make up a big part of local revenues Indeed property taxes comprise 346 percent of total local revenues and nearly 64 per-cent of local own-source revenue the researchers note Nationwide 60 percent of counties in the country had an average tax burden between $500 and $1500 per home owner Home owners in about 13 percent of counties paid less on average and 27 percent paid more Only 3 percent of counties had average bills that were more than $4000 New York and New Jersey tend to have the highest number of counties with the highest property tax burdens Westchester Nassau and Bergen counties in New York had the three highest average tax burdens all more than $8500 This reflects higher home prices as well as a higher reliance on property taxes by the state and local governments there Higher rates of property taxes are mostly found in the Northeast and parts of the Midwest according to the researchersOn the other hand 24 counties had average taxes below $250 with the majority of those counties located in Alabama or Louisiana

The United Nations Now Uses Drones - Colin DailedaThe sky over the Democratic Republic of Congo is now dotted with two white dronesmdashthe first unmanned aircraft owned by the United NationsThey took off from the city of Goma on Tuesday where they will help the UN better monitor rebel activity along the nationrsquos borders with Uganda and Rwanda according to The GuardianThe peacekeeping organization was integral to recently defeating M23 a rebel group in the Democratic Republic of Congo that took over Goma at one point last year But for a nation that has been battered by vi-olent groups for around 20 years defeating one is not enough and the 20000 UN troops throughout the country have not been able to end the bloodshed Other rebel factions lurk amidst dense forest in remote Congolese terrain and the UN believes drones will help track their movementldquoThe UN hasnrsquot had good surveillance and intel gathering capability in general so this is an improvementrdquo Peter Singer director of the Center for 21st Century Security and Intelligence at the Brookings Institution told Mashable in an email He added that drones are not only better than people at monitoring wide swaths of land but can also monitor one area for much longer periods of timeThese pilotless aircraft are a type of drone known as Falcos built by a subsidiary of the Italian company Finmeccanica Theyrsquore equipped with only cameras have a range of about 150 miles and have a UN Security council mandate to fly over only Congolese territory The UN plans to launch another by the end of the month and two more next MarchIf the monitoring is successful peacekeeping drone operations may soon expand to other African countries such as South Sudan and MaliAccording to The Guardian South Sudanese officials have requested the unmanned aircraft likely to assist in tracking rebel groups within their own bordersMuch of Mali a North African nation was taken over by terrorist groups earlier this year and many fear that could happen again UN drones would be better able to monitor the activities of these groups than would soldiers of the Malian government

tech roundupApple says 74 percent of App Store users are running iOS 7BY JON FINGAS

Two can play the OS statistics game it seems Just a couple of days after Google noted that 11 percent of Android devices vis-iting Google Play are running KitKat Apple has revealed that 74 percent of recent App Store customers are using iOS 7 Thatrsquos a healthy 10-point improvement over what we saw in October when 64 percent were running Cupertinorsquos newest platform The differ-ences in OS adoption rates arenrsquot totally surprising mind you Ap-ple is targeting a narrower pool of hardware doesnrsquot have to wait for third-party approvals and recently launched two new iPadsthat could easily boost iOS 7 adoption Android by its nature targets a wider range ofdevices and software interfaces that wonrsquot always re-ceive updates at the same time We wouldnrsquot expect a big spike in KitKat use until larger phone makers like HTC and Samsung throw their full weight behind Googlersquos latest platform

Next-Gen USB Connector Coming for Tech Gadgets

The USB connector is getting a makeover with a new plug type that is smaller and reversible but donrsquot expect it to be compatible with all existing USB plugs Yoursquoll need an adapter to plug it into older devices TechSpot reports The new USB connector dubbed Type-C is being proposed by USB 30 Promoter Group It will ldquofinally stop issues with not being able to insert the plug correctly the first timerdquo TechSpot reports The new version will accept the plug from either end ldquoType-C will also be smaller than the current Type-A plug similar in size to the micro USB 20 connector [which is found in most modern cell phones]rdquo The connector will be used to deliver power video and data across devices Itrsquoll usher in a new ldquosuper-thin classrdquo of devices the USB 30 Promoter Group saysThe new connector is currently in development Itrsquos expected to be finalized by mid-2014 The Type-C connectors are being developed to be paired with USB 31 on new devices toward the end of next year USB 31 will boost power delivery to the devices

Source ldquoNew USB connector inbound set to be smaller and revers-iblerdquo TechSpot (Dec 4 2013) and ldquoNext-gen USB connector will (finally) fit both waysrdquo PCWorld (Dec 4 2013)

5 Budding Social Data Startups to Watch - Mashable

Itrsquos still unclear exactly how Apple plans to use Topsy the social media analytics firm the tech giant acquired on Monday for a reported $200 million The possible theories are intriguing and numerous speculation includes improvements to Siri building social integration into Apple TV and even the creation of an Apple search engine to rival Google on mobile devicesRegardless of Applersquos motivation though other companies that make money by analyzing social data such as public posts and tweets are taking away a major positive from the news validationDozens of startups are trying to make sense of the millions of so-cial media interactions that take place each day Brands are using social data to monitor advertising campaigns identify new cus-tomers and engage with existing customers

1 140 ProofSan Francisco-based 140 Proof has created what it calls a Blend-ed Interest Graph a tool that targets consumers based on their social media posts and helps advertisers reach the appropriate audience The company works with thousands of advertisers in-cluding big names like Kraft Chevy and Microsoft to surface ads on the web and on mobile where consumers use their social IDs (Think Tumblr and Wordpress blogs and mobile apps that require a social login)2 DataSiftThe other darling from this busy week DataSift announced a $42 million funding round on Tuesday pushing the companyrsquos financing total over $70 million Half of the employees in the company are engineers Bailey said and the new funding means DataSift will continue to hire aggressively3 GnipGnip is the third and final US company with access to the entire Twitter firehose a valuable commodity as it allows access to every tweet sent around the world4 LeadSiftLeadSift is a small startup even by this listrsquos standards That doesnrsquot mean it canrsquot churn out useful results for its customers though LeadSift uses social media to bring brands and retailers the perfect customers5 Lithium TechnologiesAnother social startup based in San Francisco (surprise surprise) Lithium helps its customers build their own social communities online often as part of larger company websites The move allows Lithium clients to better engage with fans and customers of the brand control where the conversation happens and become an active participant without relying exclusively on external sites like Facebook or TwitterThe company announced a ldquopre-IPOrdquo round of financing in Sep-tember netting $50 million to bring Lithiumrsquos total fundraising over $150 million There is no set timetable for the companyrsquos IPO according to sources close to Lithium but an IPO toward the back half of 2014 wouldnrsquot be a surprise

RESOURCESWebsitesReece amp Nichols | jasondavisreeceandnicholscomPersonalized MyNeighborhood Report | jasondavisreeceandnicholscompagesrequest-myneighborhood-reportDavis Property Advisory Group | dpagkccomFacebook Profile | facebookcomJasonMDavis247Facebook Page | facebookcomdavisadvisorygroupGoogle+ | googlU1S3DDTwitter | twittercomjasonmdavis247LinkedIn | linkedincominjasonmichaeldavisPinterest | pinterestcomjasonmdavisInstagram | instagramcomjasonmdavis247Vimeo | vimeocomuser8372884YouTube | youtubecomuserutubejmdavis

Phone NumbersMaryhelen Loya | Homeservices Lending | 9132070713Terry Werth | Homeservices Lending | 9132666635Natalie Latta | Homeservices Lending - Reno Loans | 9132848166Kristy Rayos | Continental Title | 9133383232Lisa VanNewenhouse | Continental Title | 8169314916Jeff Duncan | Omega Title | 8164565698Dan Speck | Danrsquos Handyman Service | 8164528761

dpagKCcom

Page 8: Davis Property Advisory Group Magazine 01.04

11 E 66TH StreetKansas City MO 64113Armour HillsMLS 1858927$3249503 Bed 2 Bath

453 W 70th TerraceKansas City MO 64113Romanelli GardensMLS 1859279$4750004 Bed 31 Bath600 W 67th StreetKansas City MO 64113Armour FieldsMLS 1859279$6250004 Bed 31 Bath833 W 57th TerraceKansas City MO 64113Country Club RidgeMLS 1858909$7150004 Bed 51 Bath

1225 W 67th StreetKansas City MO 64113Romanelli West SubdivisionMLS 1860213$4490003 Bed 21 Bath

NEW BROOKSIDE LISTINGS

Financial and National News

4 Things You Didnrsquot Know About the Fair Housing Act - Meg WhiteUsually I try to point Book Scan readers to the written word but occasionally I find a piece of audio worth recommending Last time I pointed you toward a wonderful novel about a real estate agent but this time Irsquom suggesting a podcast Yesterday I was listening to This American Life an NPR radio show produced by my local station WBEZ The show produces one hour of radio a week usually with several segments organized around a central theme If you have never listened before the Nov 22 episode is a great place to start if yoursquore in real estate The show titled ldquoHouse Rulesrdquo addresses the idea of ldquodestiny by addressrdquo through an examination of the 1968 Fair Housing ActOne might argue that real estate professionals know more than the average bear about the Fair Housing Act since itrsquos so integral to the housing industry in this country But here are a few items that you might not know about fair housing in America and the legislation itself1 The federal government pretty much invented redlining 2 Walter Mondalersquos sponsorship of the Fair Housing Act was something of a fluke 3 One book that likely never would have made it to print today had a big impact President Johnson convened the National Advisory Commission on Civil Disorders known as the Kerner Commission to look at the causes of the race riots that rocked many American cities between 1965 and 19684 The Fair Housing Act had a legislative precursorhellip signed into law less than one year after Abraham Lincolnrsquos death Yes the Civil Rights Act of 1866 prohibited all racial discrimination in the sale or rental of property But be-cause it did not contain any federal penalties for violators more specific legislation was necessary during the civil rights era to actually accomplish many of the goals set out by this initial actFind much more at NARrsquos online home for the Fair Housing Program Itrsquos not too early to start gathering ideas and supplies to celebrate Fair Housing Month this coming April

Spike in New-Home Sales lsquoNegatesrsquo Interest-Rate TroubleSource NAHBSingle-family new-home sales posted a sharp rise in October up 254 percent from September according to newly released Census Bureau data That was a similar rate to last spring when the new-home market was taking off in recovery mode Across the country all regions posted double-digit gains in new-home sales in October In the Midwest they jumped 34 percent 282 percent in the South 192 percent in the Northeast and 152 percent in the West As sales gained inventory levels fell to a 49-month supply ldquoThe strong October results return us to the sales levels we saw earlier this year and negate the pause caused by the sudden jump in interest ratesrdquo says David Crowe chief economist for the National Association of Home Builders ldquoWe expect sales to continue to rise as pent-up demand is released and first-time home buyers creep back into the marketrdquoHowever some economists and analysts point to several headwinds that persist and could dampen sales in the coming months ldquoThe market is stabilizing but maybe it hasnrsquot come back to the degree that todayrsquos data would suggestrdquo says Mark Zandi chief economist for Moodyrsquos Analytics Several recent homebuilder surveys have shown new-home sales posting much more modest increases mdash or even falling Builders have blamed a 1 percentage point rise in interest rates be-tween May and September as one big culprit in slowing new-home sales in their markets Also double-digit percentage increases in the price of new homes has sidelined some buyers The average price for a new home was $321700 in October according to Census data That puts it on par with the average price during the 2006-07 boom times But with a slight pullback recently in interest rate increases and a small increase in economic confidence some buyers have come off the fence this fall ldquoItrsquos more active nowrdquo Brendan Wright a real estate professional at At-lanta Fine Homes Sothebyrsquos International told The Wall Street Journal ldquoThere was so much activity in the spring and summer that the people who missed the boat then are circling back now as opposed to waiting for next springrdquo

Farewell To an Amazing Hero

12705 Briar StreetLeawood KS 66209Highlands of LeawoodMLS 1859422$3299004 Bed31 Bath

9821 Lee CircleLeawood KS 66206Leawood EstatesMLS 1858084$4750003 Bed2 Bath3006 W 147th StreetLeawood KS 66224Leabrooke HighlandsMLS 1857749$4787805 Bed5 Bath3621 W 121st TerraceLeawood KS 66209Bradford PlaceMLS 1859540$7749506 Bed51 Bath

5200 W 112th StreetLeawood KS 66211Leawood Country ManorMLS 1859148$3750005 Bed41 Bath

NEW LEAWOOD LISTINGS

Home Buyers Plan to Make a Move This WinterHome buyers who werenrsquot successful this summer at finding a home due to limited inventories and competition from all-cash offers are looking to retry their luck in the winter according to realtorcomregrsquos Winter Home Buyer Report ldquoThis summer and spring home-buying season was particularly challenging for buyers especially first-time home buyers trying to compete with all-cash offers and bidding wars because of reduced inventoryrdquo says Alison Schwartz vice president of corporate communications at realtorcomreg ldquoIn fact a quarter of the winter home buyers revealed they are in the market now because they were unable to find a home during this last home-buying seasonrdquoBut winter home buyers know theyrsquoll face some challenges Forty-five percent of those surveyed say they believe they will be up against inventory challenges again with few homes for sale within the price range they desire Twenty-nine percent also say that winter weather makes house-hunting unpleasant But they believe that the winter can be a good time to buy a home Twenty-six percent say winter is a good time to buy because they feel sellers will be more motivated and willing to negotiate Twenty-four percent also say they think home prices will be betterOf those looking to buy this winter 23 percent are planning to make a down pay-ment of 10 to 20 percent according to the realtorcomreg survey Twenty-two percent are planning to put down 21 to 99 percent in cash 19 percent plan to put down 100 percent cash and 13 percent are planning to make a down payment of 35 percent to qualify for a Federal Housing Administration loan Source realtorcom (Nov 20 2013)

SELLINGTIPS AND INFO

Investors Target lsquoHipstersrsquoThink hipsters arenrsquot as cool as they think they are Take a look at their effects on housingThe hipster lifestyle can have a ldquomajor impact on lo-cal real estate markets and mostly in a positive wayrdquo says Daren Blomquist vice president of RealtyTrac Neighborhoods that are branded as ldquohipsterrdquo often offer trendy restaurants coffee shops and other amenities mdash and thatrsquos likely to see property values and rental rates rise Blomquist saysSavvy real estate investors are even targeting hipster markets to purchase rental properties betting that they will offer up steady cash flow and strong appreciationRealtyTrac analyzed ZIP codes across the country to identify ldquohyper-local hipsterrdquo markets that offer investors solid returns on rental properties and boast low vacancy rates For its survey RealtyTrac identified ZIP codes where at least 20 percent of the popula-tion is between 25 and 34 years old mdash prime hipster age RealtyTrac also looked at densely populated neighborhoods that are walkable or use public transportation and where renters account for at least 50 percent of all housing units and vacancy rates are 5 percent or lessThe following ldquohipsterrdquo markets offered some of the highest gross yields in rents for investors based on fair-market rents and median home pricesSt Paul Minn (55101) 1398 gross rent yieldPittsburgh (15203) 1084Norfolk Va (23510) 796Minneapolis (55401) 776Alexandria Va (22304) 766East Rutherford NJ (07073) 706Arlington Va (22203) 669Iowa City Iowa (52246) 649Seattle (98121) 618Bellevue Wash (98007) 595Minneapolis (55408) 593Sunnyside NY (11104) 590Hoboken NJ (07030) 588Astoria NY (11102) 568Brooklyn NY (11232) 566Silver Spring Md (20910) 546Chicago (60625) 518 Source RealtyTrac

Sales of new single-family homes skyrocketed in October ending a three-month slump that began in July and providing evidence that elevated mortgage rates have not seriously hobbled the housing recoveryNew-home sales leaped 254 percent from September to October to a seasonally adjusted annual rate of 444000 according to data released today by the US Cen-sus Bureau and the Department of Housing and Urban Development (HUD) On an annual basis sales of new single-family homes increased by 216 percentWhile the jump in mortgage rates that occurred last spring may have temporarily stymied home sales any blow to the market was ldquoentirely transitoryrdquo according to research firm Capital Economics Octoberrsquos new home sales were about equal to those recorded between January and June of this year despite the fact that average mortgage rates were 60 basis points higher in October

12712 EnglandOverland Park KS 66213Fontainbleau SubdivisionMLS 1860304$3180004 Bed 32 Bath

9513 W 164th PlaceOverland Park KS 66085WyngateMLS 1860662$4535004 Bed 31 Bath9504 W 164th PlaceOverland Park KS 66085WyngateMLS 1860523$4680004 Bed 31 Bath15921 Ballentine StreetOverland Park KS 66062Deer ValleyMLS 1860080$4690005 Bed 41 Bath

10111 Fontana LaneOverland Park KS 66207Cherry HillsMLS 1860510$3299004 Bed 31 Bath

NEW OVERLAND PARK LISTINGS

How Much Income Home Buyers Need to PurchaseThe necessary income it takes to buy a median-priced home varies quite a bit across the country In Cleveland you could earn $22000 a year and still afford a house but in San Francisco you need to earn six times that mdash $125072 HSH Associates a publisher of mortgage data evaluated 25 major metros to see how much income home buyers need to earn in order to purchase a me-dian-priced home and cover the principal and interest payment on the mortgage The survey uses median home price data from the National Association of REALTORSregrsquo third-quarter report and subtracts a 20 percent down payment from those numbers The list does not factor in taxes mandatory insurance or home owner fees Here are some of the cities where you would need to earn the least amount in order to purchase a median-priced home there Cleveland $22348Cincinnati $25151St Louis $25228Atlanta $26863Tampa $26930Orlando $29631Here are some of the cities that require the highest salaries to afford a median-priced home San Francisco $125072San Diego $85843Los Angeles $79177New York City $71255Boston $68956Washington DC $68345Source ldquoThe Salary You Must Earn to Buy a Home in 25 Citiesrdquo HSHcom (November 2013)

Making the Most of Your Buyersrsquo Winter Search

The holidays are the perfect time of year for some home buyers to purchase a house and snag a great year-end deal mdash but limited inventory may be the ScroogeAfter a challenging home-buying season in the spring and summer many buyers say they plan to reignite their home search during the winter according to a recent realtorcomreg survey Theyrsquore hoping for less competition from all-cash buyers and fewer bidding wars during that time However winter often brings about limited inventories of homes for sale so buyers will likely find fewer choices It seems that buyers expect that 45 percent of those surveyed in the realtorcomregWinter Home Buyer Report say they believe theyrsquoll be up against inventory challenges again during the winter monthsSome real estate agents are grappling with that issue by finding homes that arenrsquot officially on the market to increase their buyersrsquo choices They are even drum-ming up ldquoold expiresrdquo mdash homes that were listed several years ago but never sold mdash to see if the owner will reconsider selling Some brokers are also sending letters to home owners in their buyerrsquos preferred neighborhood to motivate a home owner to consider sellingStill buyers shopping for a home in winter may find sellers more amenable to striking a good deal Particularly during the holidays sellers can be highly motivat-ed to sell before the end of the year says Tim Deihl associate broker at Gibson Sothebyrsquos International Realty in Boston Buyers may be able to take advantage of that sellersrsquo urgencyldquoA seller whorsquos looking to move a piece of real estate during the holidays is a seller who needs to sell because nobody in their right mind would pick that as the most convenient time to list their propertyrdquo Deihl saysSource ldquoHoliday home-buying may pay offrdquo Bankratecom (Dec 2 2013)

Buying Tips and Info

How Does Your Property Tax Burden CompareProperty taxes are an important source of revenue for city governments but rates can vary substantially across the country Property taxes make up about one quarter of home ownership costs over the median duration of ownership according to a study by two researchers with the Urban-Brookings Tax Policy Center The studyrsquos authorsmdashBenjamin H Harris policy director of the Hamilton Project and Brian David Moore a research assistant at the Urban-Brookings Tax Policy Centermdashnote that several counties and states have tried to decrease the burden through homestead exemptions and other laws But property taxes tend to make up a big part of local revenues Indeed property taxes comprise 346 percent of total local revenues and nearly 64 per-cent of local own-source revenue the researchers note Nationwide 60 percent of counties in the country had an average tax burden between $500 and $1500 per home owner Home owners in about 13 percent of counties paid less on average and 27 percent paid more Only 3 percent of counties had average bills that were more than $4000 New York and New Jersey tend to have the highest number of counties with the highest property tax burdens Westchester Nassau and Bergen counties in New York had the three highest average tax burdens all more than $8500 This reflects higher home prices as well as a higher reliance on property taxes by the state and local governments there Higher rates of property taxes are mostly found in the Northeast and parts of the Midwest according to the researchersOn the other hand 24 counties had average taxes below $250 with the majority of those counties located in Alabama or Louisiana

The United Nations Now Uses Drones - Colin DailedaThe sky over the Democratic Republic of Congo is now dotted with two white dronesmdashthe first unmanned aircraft owned by the United NationsThey took off from the city of Goma on Tuesday where they will help the UN better monitor rebel activity along the nationrsquos borders with Uganda and Rwanda according to The GuardianThe peacekeeping organization was integral to recently defeating M23 a rebel group in the Democratic Republic of Congo that took over Goma at one point last year But for a nation that has been battered by vi-olent groups for around 20 years defeating one is not enough and the 20000 UN troops throughout the country have not been able to end the bloodshed Other rebel factions lurk amidst dense forest in remote Congolese terrain and the UN believes drones will help track their movementldquoThe UN hasnrsquot had good surveillance and intel gathering capability in general so this is an improvementrdquo Peter Singer director of the Center for 21st Century Security and Intelligence at the Brookings Institution told Mashable in an email He added that drones are not only better than people at monitoring wide swaths of land but can also monitor one area for much longer periods of timeThese pilotless aircraft are a type of drone known as Falcos built by a subsidiary of the Italian company Finmeccanica Theyrsquore equipped with only cameras have a range of about 150 miles and have a UN Security council mandate to fly over only Congolese territory The UN plans to launch another by the end of the month and two more next MarchIf the monitoring is successful peacekeeping drone operations may soon expand to other African countries such as South Sudan and MaliAccording to The Guardian South Sudanese officials have requested the unmanned aircraft likely to assist in tracking rebel groups within their own bordersMuch of Mali a North African nation was taken over by terrorist groups earlier this year and many fear that could happen again UN drones would be better able to monitor the activities of these groups than would soldiers of the Malian government

tech roundupApple says 74 percent of App Store users are running iOS 7BY JON FINGAS

Two can play the OS statistics game it seems Just a couple of days after Google noted that 11 percent of Android devices vis-iting Google Play are running KitKat Apple has revealed that 74 percent of recent App Store customers are using iOS 7 Thatrsquos a healthy 10-point improvement over what we saw in October when 64 percent were running Cupertinorsquos newest platform The differ-ences in OS adoption rates arenrsquot totally surprising mind you Ap-ple is targeting a narrower pool of hardware doesnrsquot have to wait for third-party approvals and recently launched two new iPadsthat could easily boost iOS 7 adoption Android by its nature targets a wider range ofdevices and software interfaces that wonrsquot always re-ceive updates at the same time We wouldnrsquot expect a big spike in KitKat use until larger phone makers like HTC and Samsung throw their full weight behind Googlersquos latest platform

Next-Gen USB Connector Coming for Tech Gadgets

The USB connector is getting a makeover with a new plug type that is smaller and reversible but donrsquot expect it to be compatible with all existing USB plugs Yoursquoll need an adapter to plug it into older devices TechSpot reports The new USB connector dubbed Type-C is being proposed by USB 30 Promoter Group It will ldquofinally stop issues with not being able to insert the plug correctly the first timerdquo TechSpot reports The new version will accept the plug from either end ldquoType-C will also be smaller than the current Type-A plug similar in size to the micro USB 20 connector [which is found in most modern cell phones]rdquo The connector will be used to deliver power video and data across devices Itrsquoll usher in a new ldquosuper-thin classrdquo of devices the USB 30 Promoter Group saysThe new connector is currently in development Itrsquos expected to be finalized by mid-2014 The Type-C connectors are being developed to be paired with USB 31 on new devices toward the end of next year USB 31 will boost power delivery to the devices

Source ldquoNew USB connector inbound set to be smaller and revers-iblerdquo TechSpot (Dec 4 2013) and ldquoNext-gen USB connector will (finally) fit both waysrdquo PCWorld (Dec 4 2013)

5 Budding Social Data Startups to Watch - Mashable

Itrsquos still unclear exactly how Apple plans to use Topsy the social media analytics firm the tech giant acquired on Monday for a reported $200 million The possible theories are intriguing and numerous speculation includes improvements to Siri building social integration into Apple TV and even the creation of an Apple search engine to rival Google on mobile devicesRegardless of Applersquos motivation though other companies that make money by analyzing social data such as public posts and tweets are taking away a major positive from the news validationDozens of startups are trying to make sense of the millions of so-cial media interactions that take place each day Brands are using social data to monitor advertising campaigns identify new cus-tomers and engage with existing customers

1 140 ProofSan Francisco-based 140 Proof has created what it calls a Blend-ed Interest Graph a tool that targets consumers based on their social media posts and helps advertisers reach the appropriate audience The company works with thousands of advertisers in-cluding big names like Kraft Chevy and Microsoft to surface ads on the web and on mobile where consumers use their social IDs (Think Tumblr and Wordpress blogs and mobile apps that require a social login)2 DataSiftThe other darling from this busy week DataSift announced a $42 million funding round on Tuesday pushing the companyrsquos financing total over $70 million Half of the employees in the company are engineers Bailey said and the new funding means DataSift will continue to hire aggressively3 GnipGnip is the third and final US company with access to the entire Twitter firehose a valuable commodity as it allows access to every tweet sent around the world4 LeadSiftLeadSift is a small startup even by this listrsquos standards That doesnrsquot mean it canrsquot churn out useful results for its customers though LeadSift uses social media to bring brands and retailers the perfect customers5 Lithium TechnologiesAnother social startup based in San Francisco (surprise surprise) Lithium helps its customers build their own social communities online often as part of larger company websites The move allows Lithium clients to better engage with fans and customers of the brand control where the conversation happens and become an active participant without relying exclusively on external sites like Facebook or TwitterThe company announced a ldquopre-IPOrdquo round of financing in Sep-tember netting $50 million to bring Lithiumrsquos total fundraising over $150 million There is no set timetable for the companyrsquos IPO according to sources close to Lithium but an IPO toward the back half of 2014 wouldnrsquot be a surprise

RESOURCESWebsitesReece amp Nichols | jasondavisreeceandnicholscomPersonalized MyNeighborhood Report | jasondavisreeceandnicholscompagesrequest-myneighborhood-reportDavis Property Advisory Group | dpagkccomFacebook Profile | facebookcomJasonMDavis247Facebook Page | facebookcomdavisadvisorygroupGoogle+ | googlU1S3DDTwitter | twittercomjasonmdavis247LinkedIn | linkedincominjasonmichaeldavisPinterest | pinterestcomjasonmdavisInstagram | instagramcomjasonmdavis247Vimeo | vimeocomuser8372884YouTube | youtubecomuserutubejmdavis

Phone NumbersMaryhelen Loya | Homeservices Lending | 9132070713Terry Werth | Homeservices Lending | 9132666635Natalie Latta | Homeservices Lending - Reno Loans | 9132848166Kristy Rayos | Continental Title | 9133383232Lisa VanNewenhouse | Continental Title | 8169314916Jeff Duncan | Omega Title | 8164565698Dan Speck | Danrsquos Handyman Service | 8164528761

dpagKCcom

Page 9: Davis Property Advisory Group Magazine 01.04

Financial and National News

4 Things You Didnrsquot Know About the Fair Housing Act - Meg WhiteUsually I try to point Book Scan readers to the written word but occasionally I find a piece of audio worth recommending Last time I pointed you toward a wonderful novel about a real estate agent but this time Irsquom suggesting a podcast Yesterday I was listening to This American Life an NPR radio show produced by my local station WBEZ The show produces one hour of radio a week usually with several segments organized around a central theme If you have never listened before the Nov 22 episode is a great place to start if yoursquore in real estate The show titled ldquoHouse Rulesrdquo addresses the idea of ldquodestiny by addressrdquo through an examination of the 1968 Fair Housing ActOne might argue that real estate professionals know more than the average bear about the Fair Housing Act since itrsquos so integral to the housing industry in this country But here are a few items that you might not know about fair housing in America and the legislation itself1 The federal government pretty much invented redlining 2 Walter Mondalersquos sponsorship of the Fair Housing Act was something of a fluke 3 One book that likely never would have made it to print today had a big impact President Johnson convened the National Advisory Commission on Civil Disorders known as the Kerner Commission to look at the causes of the race riots that rocked many American cities between 1965 and 19684 The Fair Housing Act had a legislative precursorhellip signed into law less than one year after Abraham Lincolnrsquos death Yes the Civil Rights Act of 1866 prohibited all racial discrimination in the sale or rental of property But be-cause it did not contain any federal penalties for violators more specific legislation was necessary during the civil rights era to actually accomplish many of the goals set out by this initial actFind much more at NARrsquos online home for the Fair Housing Program Itrsquos not too early to start gathering ideas and supplies to celebrate Fair Housing Month this coming April

Spike in New-Home Sales lsquoNegatesrsquo Interest-Rate TroubleSource NAHBSingle-family new-home sales posted a sharp rise in October up 254 percent from September according to newly released Census Bureau data That was a similar rate to last spring when the new-home market was taking off in recovery mode Across the country all regions posted double-digit gains in new-home sales in October In the Midwest they jumped 34 percent 282 percent in the South 192 percent in the Northeast and 152 percent in the West As sales gained inventory levels fell to a 49-month supply ldquoThe strong October results return us to the sales levels we saw earlier this year and negate the pause caused by the sudden jump in interest ratesrdquo says David Crowe chief economist for the National Association of Home Builders ldquoWe expect sales to continue to rise as pent-up demand is released and first-time home buyers creep back into the marketrdquoHowever some economists and analysts point to several headwinds that persist and could dampen sales in the coming months ldquoThe market is stabilizing but maybe it hasnrsquot come back to the degree that todayrsquos data would suggestrdquo says Mark Zandi chief economist for Moodyrsquos Analytics Several recent homebuilder surveys have shown new-home sales posting much more modest increases mdash or even falling Builders have blamed a 1 percentage point rise in interest rates be-tween May and September as one big culprit in slowing new-home sales in their markets Also double-digit percentage increases in the price of new homes has sidelined some buyers The average price for a new home was $321700 in October according to Census data That puts it on par with the average price during the 2006-07 boom times But with a slight pullback recently in interest rate increases and a small increase in economic confidence some buyers have come off the fence this fall ldquoItrsquos more active nowrdquo Brendan Wright a real estate professional at At-lanta Fine Homes Sothebyrsquos International told The Wall Street Journal ldquoThere was so much activity in the spring and summer that the people who missed the boat then are circling back now as opposed to waiting for next springrdquo

Farewell To an Amazing Hero

12705 Briar StreetLeawood KS 66209Highlands of LeawoodMLS 1859422$3299004 Bed31 Bath

9821 Lee CircleLeawood KS 66206Leawood EstatesMLS 1858084$4750003 Bed2 Bath3006 W 147th StreetLeawood KS 66224Leabrooke HighlandsMLS 1857749$4787805 Bed5 Bath3621 W 121st TerraceLeawood KS 66209Bradford PlaceMLS 1859540$7749506 Bed51 Bath

5200 W 112th StreetLeawood KS 66211Leawood Country ManorMLS 1859148$3750005 Bed41 Bath

NEW LEAWOOD LISTINGS

Home Buyers Plan to Make a Move This WinterHome buyers who werenrsquot successful this summer at finding a home due to limited inventories and competition from all-cash offers are looking to retry their luck in the winter according to realtorcomregrsquos Winter Home Buyer Report ldquoThis summer and spring home-buying season was particularly challenging for buyers especially first-time home buyers trying to compete with all-cash offers and bidding wars because of reduced inventoryrdquo says Alison Schwartz vice president of corporate communications at realtorcomreg ldquoIn fact a quarter of the winter home buyers revealed they are in the market now because they were unable to find a home during this last home-buying seasonrdquoBut winter home buyers know theyrsquoll face some challenges Forty-five percent of those surveyed say they believe they will be up against inventory challenges again with few homes for sale within the price range they desire Twenty-nine percent also say that winter weather makes house-hunting unpleasant But they believe that the winter can be a good time to buy a home Twenty-six percent say winter is a good time to buy because they feel sellers will be more motivated and willing to negotiate Twenty-four percent also say they think home prices will be betterOf those looking to buy this winter 23 percent are planning to make a down pay-ment of 10 to 20 percent according to the realtorcomreg survey Twenty-two percent are planning to put down 21 to 99 percent in cash 19 percent plan to put down 100 percent cash and 13 percent are planning to make a down payment of 35 percent to qualify for a Federal Housing Administration loan Source realtorcom (Nov 20 2013)

SELLINGTIPS AND INFO

Investors Target lsquoHipstersrsquoThink hipsters arenrsquot as cool as they think they are Take a look at their effects on housingThe hipster lifestyle can have a ldquomajor impact on lo-cal real estate markets and mostly in a positive wayrdquo says Daren Blomquist vice president of RealtyTrac Neighborhoods that are branded as ldquohipsterrdquo often offer trendy restaurants coffee shops and other amenities mdash and thatrsquos likely to see property values and rental rates rise Blomquist saysSavvy real estate investors are even targeting hipster markets to purchase rental properties betting that they will offer up steady cash flow and strong appreciationRealtyTrac analyzed ZIP codes across the country to identify ldquohyper-local hipsterrdquo markets that offer investors solid returns on rental properties and boast low vacancy rates For its survey RealtyTrac identified ZIP codes where at least 20 percent of the popula-tion is between 25 and 34 years old mdash prime hipster age RealtyTrac also looked at densely populated neighborhoods that are walkable or use public transportation and where renters account for at least 50 percent of all housing units and vacancy rates are 5 percent or lessThe following ldquohipsterrdquo markets offered some of the highest gross yields in rents for investors based on fair-market rents and median home pricesSt Paul Minn (55101) 1398 gross rent yieldPittsburgh (15203) 1084Norfolk Va (23510) 796Minneapolis (55401) 776Alexandria Va (22304) 766East Rutherford NJ (07073) 706Arlington Va (22203) 669Iowa City Iowa (52246) 649Seattle (98121) 618Bellevue Wash (98007) 595Minneapolis (55408) 593Sunnyside NY (11104) 590Hoboken NJ (07030) 588Astoria NY (11102) 568Brooklyn NY (11232) 566Silver Spring Md (20910) 546Chicago (60625) 518 Source RealtyTrac

Sales of new single-family homes skyrocketed in October ending a three-month slump that began in July and providing evidence that elevated mortgage rates have not seriously hobbled the housing recoveryNew-home sales leaped 254 percent from September to October to a seasonally adjusted annual rate of 444000 according to data released today by the US Cen-sus Bureau and the Department of Housing and Urban Development (HUD) On an annual basis sales of new single-family homes increased by 216 percentWhile the jump in mortgage rates that occurred last spring may have temporarily stymied home sales any blow to the market was ldquoentirely transitoryrdquo according to research firm Capital Economics Octoberrsquos new home sales were about equal to those recorded between January and June of this year despite the fact that average mortgage rates were 60 basis points higher in October

12712 EnglandOverland Park KS 66213Fontainbleau SubdivisionMLS 1860304$3180004 Bed 32 Bath

9513 W 164th PlaceOverland Park KS 66085WyngateMLS 1860662$4535004 Bed 31 Bath9504 W 164th PlaceOverland Park KS 66085WyngateMLS 1860523$4680004 Bed 31 Bath15921 Ballentine StreetOverland Park KS 66062Deer ValleyMLS 1860080$4690005 Bed 41 Bath

10111 Fontana LaneOverland Park KS 66207Cherry HillsMLS 1860510$3299004 Bed 31 Bath

NEW OVERLAND PARK LISTINGS

How Much Income Home Buyers Need to PurchaseThe necessary income it takes to buy a median-priced home varies quite a bit across the country In Cleveland you could earn $22000 a year and still afford a house but in San Francisco you need to earn six times that mdash $125072 HSH Associates a publisher of mortgage data evaluated 25 major metros to see how much income home buyers need to earn in order to purchase a me-dian-priced home and cover the principal and interest payment on the mortgage The survey uses median home price data from the National Association of REALTORSregrsquo third-quarter report and subtracts a 20 percent down payment from those numbers The list does not factor in taxes mandatory insurance or home owner fees Here are some of the cities where you would need to earn the least amount in order to purchase a median-priced home there Cleveland $22348Cincinnati $25151St Louis $25228Atlanta $26863Tampa $26930Orlando $29631Here are some of the cities that require the highest salaries to afford a median-priced home San Francisco $125072San Diego $85843Los Angeles $79177New York City $71255Boston $68956Washington DC $68345Source ldquoThe Salary You Must Earn to Buy a Home in 25 Citiesrdquo HSHcom (November 2013)

Making the Most of Your Buyersrsquo Winter Search

The holidays are the perfect time of year for some home buyers to purchase a house and snag a great year-end deal mdash but limited inventory may be the ScroogeAfter a challenging home-buying season in the spring and summer many buyers say they plan to reignite their home search during the winter according to a recent realtorcomreg survey Theyrsquore hoping for less competition from all-cash buyers and fewer bidding wars during that time However winter often brings about limited inventories of homes for sale so buyers will likely find fewer choices It seems that buyers expect that 45 percent of those surveyed in the realtorcomregWinter Home Buyer Report say they believe theyrsquoll be up against inventory challenges again during the winter monthsSome real estate agents are grappling with that issue by finding homes that arenrsquot officially on the market to increase their buyersrsquo choices They are even drum-ming up ldquoold expiresrdquo mdash homes that were listed several years ago but never sold mdash to see if the owner will reconsider selling Some brokers are also sending letters to home owners in their buyerrsquos preferred neighborhood to motivate a home owner to consider sellingStill buyers shopping for a home in winter may find sellers more amenable to striking a good deal Particularly during the holidays sellers can be highly motivat-ed to sell before the end of the year says Tim Deihl associate broker at Gibson Sothebyrsquos International Realty in Boston Buyers may be able to take advantage of that sellersrsquo urgencyldquoA seller whorsquos looking to move a piece of real estate during the holidays is a seller who needs to sell because nobody in their right mind would pick that as the most convenient time to list their propertyrdquo Deihl saysSource ldquoHoliday home-buying may pay offrdquo Bankratecom (Dec 2 2013)

Buying Tips and Info

How Does Your Property Tax Burden CompareProperty taxes are an important source of revenue for city governments but rates can vary substantially across the country Property taxes make up about one quarter of home ownership costs over the median duration of ownership according to a study by two researchers with the Urban-Brookings Tax Policy Center The studyrsquos authorsmdashBenjamin H Harris policy director of the Hamilton Project and Brian David Moore a research assistant at the Urban-Brookings Tax Policy Centermdashnote that several counties and states have tried to decrease the burden through homestead exemptions and other laws But property taxes tend to make up a big part of local revenues Indeed property taxes comprise 346 percent of total local revenues and nearly 64 per-cent of local own-source revenue the researchers note Nationwide 60 percent of counties in the country had an average tax burden between $500 and $1500 per home owner Home owners in about 13 percent of counties paid less on average and 27 percent paid more Only 3 percent of counties had average bills that were more than $4000 New York and New Jersey tend to have the highest number of counties with the highest property tax burdens Westchester Nassau and Bergen counties in New York had the three highest average tax burdens all more than $8500 This reflects higher home prices as well as a higher reliance on property taxes by the state and local governments there Higher rates of property taxes are mostly found in the Northeast and parts of the Midwest according to the researchersOn the other hand 24 counties had average taxes below $250 with the majority of those counties located in Alabama or Louisiana

The United Nations Now Uses Drones - Colin DailedaThe sky over the Democratic Republic of Congo is now dotted with two white dronesmdashthe first unmanned aircraft owned by the United NationsThey took off from the city of Goma on Tuesday where they will help the UN better monitor rebel activity along the nationrsquos borders with Uganda and Rwanda according to The GuardianThe peacekeeping organization was integral to recently defeating M23 a rebel group in the Democratic Republic of Congo that took over Goma at one point last year But for a nation that has been battered by vi-olent groups for around 20 years defeating one is not enough and the 20000 UN troops throughout the country have not been able to end the bloodshed Other rebel factions lurk amidst dense forest in remote Congolese terrain and the UN believes drones will help track their movementldquoThe UN hasnrsquot had good surveillance and intel gathering capability in general so this is an improvementrdquo Peter Singer director of the Center for 21st Century Security and Intelligence at the Brookings Institution told Mashable in an email He added that drones are not only better than people at monitoring wide swaths of land but can also monitor one area for much longer periods of timeThese pilotless aircraft are a type of drone known as Falcos built by a subsidiary of the Italian company Finmeccanica Theyrsquore equipped with only cameras have a range of about 150 miles and have a UN Security council mandate to fly over only Congolese territory The UN plans to launch another by the end of the month and two more next MarchIf the monitoring is successful peacekeeping drone operations may soon expand to other African countries such as South Sudan and MaliAccording to The Guardian South Sudanese officials have requested the unmanned aircraft likely to assist in tracking rebel groups within their own bordersMuch of Mali a North African nation was taken over by terrorist groups earlier this year and many fear that could happen again UN drones would be better able to monitor the activities of these groups than would soldiers of the Malian government

tech roundupApple says 74 percent of App Store users are running iOS 7BY JON FINGAS

Two can play the OS statistics game it seems Just a couple of days after Google noted that 11 percent of Android devices vis-iting Google Play are running KitKat Apple has revealed that 74 percent of recent App Store customers are using iOS 7 Thatrsquos a healthy 10-point improvement over what we saw in October when 64 percent were running Cupertinorsquos newest platform The differ-ences in OS adoption rates arenrsquot totally surprising mind you Ap-ple is targeting a narrower pool of hardware doesnrsquot have to wait for third-party approvals and recently launched two new iPadsthat could easily boost iOS 7 adoption Android by its nature targets a wider range ofdevices and software interfaces that wonrsquot always re-ceive updates at the same time We wouldnrsquot expect a big spike in KitKat use until larger phone makers like HTC and Samsung throw their full weight behind Googlersquos latest platform

Next-Gen USB Connector Coming for Tech Gadgets

The USB connector is getting a makeover with a new plug type that is smaller and reversible but donrsquot expect it to be compatible with all existing USB plugs Yoursquoll need an adapter to plug it into older devices TechSpot reports The new USB connector dubbed Type-C is being proposed by USB 30 Promoter Group It will ldquofinally stop issues with not being able to insert the plug correctly the first timerdquo TechSpot reports The new version will accept the plug from either end ldquoType-C will also be smaller than the current Type-A plug similar in size to the micro USB 20 connector [which is found in most modern cell phones]rdquo The connector will be used to deliver power video and data across devices Itrsquoll usher in a new ldquosuper-thin classrdquo of devices the USB 30 Promoter Group saysThe new connector is currently in development Itrsquos expected to be finalized by mid-2014 The Type-C connectors are being developed to be paired with USB 31 on new devices toward the end of next year USB 31 will boost power delivery to the devices

Source ldquoNew USB connector inbound set to be smaller and revers-iblerdquo TechSpot (Dec 4 2013) and ldquoNext-gen USB connector will (finally) fit both waysrdquo PCWorld (Dec 4 2013)

5 Budding Social Data Startups to Watch - Mashable

Itrsquos still unclear exactly how Apple plans to use Topsy the social media analytics firm the tech giant acquired on Monday for a reported $200 million The possible theories are intriguing and numerous speculation includes improvements to Siri building social integration into Apple TV and even the creation of an Apple search engine to rival Google on mobile devicesRegardless of Applersquos motivation though other companies that make money by analyzing social data such as public posts and tweets are taking away a major positive from the news validationDozens of startups are trying to make sense of the millions of so-cial media interactions that take place each day Brands are using social data to monitor advertising campaigns identify new cus-tomers and engage with existing customers

1 140 ProofSan Francisco-based 140 Proof has created what it calls a Blend-ed Interest Graph a tool that targets consumers based on their social media posts and helps advertisers reach the appropriate audience The company works with thousands of advertisers in-cluding big names like Kraft Chevy and Microsoft to surface ads on the web and on mobile where consumers use their social IDs (Think Tumblr and Wordpress blogs and mobile apps that require a social login)2 DataSiftThe other darling from this busy week DataSift announced a $42 million funding round on Tuesday pushing the companyrsquos financing total over $70 million Half of the employees in the company are engineers Bailey said and the new funding means DataSift will continue to hire aggressively3 GnipGnip is the third and final US company with access to the entire Twitter firehose a valuable commodity as it allows access to every tweet sent around the world4 LeadSiftLeadSift is a small startup even by this listrsquos standards That doesnrsquot mean it canrsquot churn out useful results for its customers though LeadSift uses social media to bring brands and retailers the perfect customers5 Lithium TechnologiesAnother social startup based in San Francisco (surprise surprise) Lithium helps its customers build their own social communities online often as part of larger company websites The move allows Lithium clients to better engage with fans and customers of the brand control where the conversation happens and become an active participant without relying exclusively on external sites like Facebook or TwitterThe company announced a ldquopre-IPOrdquo round of financing in Sep-tember netting $50 million to bring Lithiumrsquos total fundraising over $150 million There is no set timetable for the companyrsquos IPO according to sources close to Lithium but an IPO toward the back half of 2014 wouldnrsquot be a surprise

RESOURCESWebsitesReece amp Nichols | jasondavisreeceandnicholscomPersonalized MyNeighborhood Report | jasondavisreeceandnicholscompagesrequest-myneighborhood-reportDavis Property Advisory Group | dpagkccomFacebook Profile | facebookcomJasonMDavis247Facebook Page | facebookcomdavisadvisorygroupGoogle+ | googlU1S3DDTwitter | twittercomjasonmdavis247LinkedIn | linkedincominjasonmichaeldavisPinterest | pinterestcomjasonmdavisInstagram | instagramcomjasonmdavis247Vimeo | vimeocomuser8372884YouTube | youtubecomuserutubejmdavis

Phone NumbersMaryhelen Loya | Homeservices Lending | 9132070713Terry Werth | Homeservices Lending | 9132666635Natalie Latta | Homeservices Lending - Reno Loans | 9132848166Kristy Rayos | Continental Title | 9133383232Lisa VanNewenhouse | Continental Title | 8169314916Jeff Duncan | Omega Title | 8164565698Dan Speck | Danrsquos Handyman Service | 8164528761

dpagKCcom

Page 10: Davis Property Advisory Group Magazine 01.04

12705 Briar StreetLeawood KS 66209Highlands of LeawoodMLS 1859422$3299004 Bed31 Bath

9821 Lee CircleLeawood KS 66206Leawood EstatesMLS 1858084$4750003 Bed2 Bath3006 W 147th StreetLeawood KS 66224Leabrooke HighlandsMLS 1857749$4787805 Bed5 Bath3621 W 121st TerraceLeawood KS 66209Bradford PlaceMLS 1859540$7749506 Bed51 Bath

5200 W 112th StreetLeawood KS 66211Leawood Country ManorMLS 1859148$3750005 Bed41 Bath

NEW LEAWOOD LISTINGS

Home Buyers Plan to Make a Move This WinterHome buyers who werenrsquot successful this summer at finding a home due to limited inventories and competition from all-cash offers are looking to retry their luck in the winter according to realtorcomregrsquos Winter Home Buyer Report ldquoThis summer and spring home-buying season was particularly challenging for buyers especially first-time home buyers trying to compete with all-cash offers and bidding wars because of reduced inventoryrdquo says Alison Schwartz vice president of corporate communications at realtorcomreg ldquoIn fact a quarter of the winter home buyers revealed they are in the market now because they were unable to find a home during this last home-buying seasonrdquoBut winter home buyers know theyrsquoll face some challenges Forty-five percent of those surveyed say they believe they will be up against inventory challenges again with few homes for sale within the price range they desire Twenty-nine percent also say that winter weather makes house-hunting unpleasant But they believe that the winter can be a good time to buy a home Twenty-six percent say winter is a good time to buy because they feel sellers will be more motivated and willing to negotiate Twenty-four percent also say they think home prices will be betterOf those looking to buy this winter 23 percent are planning to make a down pay-ment of 10 to 20 percent according to the realtorcomreg survey Twenty-two percent are planning to put down 21 to 99 percent in cash 19 percent plan to put down 100 percent cash and 13 percent are planning to make a down payment of 35 percent to qualify for a Federal Housing Administration loan Source realtorcom (Nov 20 2013)

SELLINGTIPS AND INFO

Investors Target lsquoHipstersrsquoThink hipsters arenrsquot as cool as they think they are Take a look at their effects on housingThe hipster lifestyle can have a ldquomajor impact on lo-cal real estate markets and mostly in a positive wayrdquo says Daren Blomquist vice president of RealtyTrac Neighborhoods that are branded as ldquohipsterrdquo often offer trendy restaurants coffee shops and other amenities mdash and thatrsquos likely to see property values and rental rates rise Blomquist saysSavvy real estate investors are even targeting hipster markets to purchase rental properties betting that they will offer up steady cash flow and strong appreciationRealtyTrac analyzed ZIP codes across the country to identify ldquohyper-local hipsterrdquo markets that offer investors solid returns on rental properties and boast low vacancy rates For its survey RealtyTrac identified ZIP codes where at least 20 percent of the popula-tion is between 25 and 34 years old mdash prime hipster age RealtyTrac also looked at densely populated neighborhoods that are walkable or use public transportation and where renters account for at least 50 percent of all housing units and vacancy rates are 5 percent or lessThe following ldquohipsterrdquo markets offered some of the highest gross yields in rents for investors based on fair-market rents and median home pricesSt Paul Minn (55101) 1398 gross rent yieldPittsburgh (15203) 1084Norfolk Va (23510) 796Minneapolis (55401) 776Alexandria Va (22304) 766East Rutherford NJ (07073) 706Arlington Va (22203) 669Iowa City Iowa (52246) 649Seattle (98121) 618Bellevue Wash (98007) 595Minneapolis (55408) 593Sunnyside NY (11104) 590Hoboken NJ (07030) 588Astoria NY (11102) 568Brooklyn NY (11232) 566Silver Spring Md (20910) 546Chicago (60625) 518 Source RealtyTrac

Sales of new single-family homes skyrocketed in October ending a three-month slump that began in July and providing evidence that elevated mortgage rates have not seriously hobbled the housing recoveryNew-home sales leaped 254 percent from September to October to a seasonally adjusted annual rate of 444000 according to data released today by the US Cen-sus Bureau and the Department of Housing and Urban Development (HUD) On an annual basis sales of new single-family homes increased by 216 percentWhile the jump in mortgage rates that occurred last spring may have temporarily stymied home sales any blow to the market was ldquoentirely transitoryrdquo according to research firm Capital Economics Octoberrsquos new home sales were about equal to those recorded between January and June of this year despite the fact that average mortgage rates were 60 basis points higher in October

12712 EnglandOverland Park KS 66213Fontainbleau SubdivisionMLS 1860304$3180004 Bed 32 Bath

9513 W 164th PlaceOverland Park KS 66085WyngateMLS 1860662$4535004 Bed 31 Bath9504 W 164th PlaceOverland Park KS 66085WyngateMLS 1860523$4680004 Bed 31 Bath15921 Ballentine StreetOverland Park KS 66062Deer ValleyMLS 1860080$4690005 Bed 41 Bath

10111 Fontana LaneOverland Park KS 66207Cherry HillsMLS 1860510$3299004 Bed 31 Bath

NEW OVERLAND PARK LISTINGS

How Much Income Home Buyers Need to PurchaseThe necessary income it takes to buy a median-priced home varies quite a bit across the country In Cleveland you could earn $22000 a year and still afford a house but in San Francisco you need to earn six times that mdash $125072 HSH Associates a publisher of mortgage data evaluated 25 major metros to see how much income home buyers need to earn in order to purchase a me-dian-priced home and cover the principal and interest payment on the mortgage The survey uses median home price data from the National Association of REALTORSregrsquo third-quarter report and subtracts a 20 percent down payment from those numbers The list does not factor in taxes mandatory insurance or home owner fees Here are some of the cities where you would need to earn the least amount in order to purchase a median-priced home there Cleveland $22348Cincinnati $25151St Louis $25228Atlanta $26863Tampa $26930Orlando $29631Here are some of the cities that require the highest salaries to afford a median-priced home San Francisco $125072San Diego $85843Los Angeles $79177New York City $71255Boston $68956Washington DC $68345Source ldquoThe Salary You Must Earn to Buy a Home in 25 Citiesrdquo HSHcom (November 2013)

Making the Most of Your Buyersrsquo Winter Search

The holidays are the perfect time of year for some home buyers to purchase a house and snag a great year-end deal mdash but limited inventory may be the ScroogeAfter a challenging home-buying season in the spring and summer many buyers say they plan to reignite their home search during the winter according to a recent realtorcomreg survey Theyrsquore hoping for less competition from all-cash buyers and fewer bidding wars during that time However winter often brings about limited inventories of homes for sale so buyers will likely find fewer choices It seems that buyers expect that 45 percent of those surveyed in the realtorcomregWinter Home Buyer Report say they believe theyrsquoll be up against inventory challenges again during the winter monthsSome real estate agents are grappling with that issue by finding homes that arenrsquot officially on the market to increase their buyersrsquo choices They are even drum-ming up ldquoold expiresrdquo mdash homes that were listed several years ago but never sold mdash to see if the owner will reconsider selling Some brokers are also sending letters to home owners in their buyerrsquos preferred neighborhood to motivate a home owner to consider sellingStill buyers shopping for a home in winter may find sellers more amenable to striking a good deal Particularly during the holidays sellers can be highly motivat-ed to sell before the end of the year says Tim Deihl associate broker at Gibson Sothebyrsquos International Realty in Boston Buyers may be able to take advantage of that sellersrsquo urgencyldquoA seller whorsquos looking to move a piece of real estate during the holidays is a seller who needs to sell because nobody in their right mind would pick that as the most convenient time to list their propertyrdquo Deihl saysSource ldquoHoliday home-buying may pay offrdquo Bankratecom (Dec 2 2013)

Buying Tips and Info

How Does Your Property Tax Burden CompareProperty taxes are an important source of revenue for city governments but rates can vary substantially across the country Property taxes make up about one quarter of home ownership costs over the median duration of ownership according to a study by two researchers with the Urban-Brookings Tax Policy Center The studyrsquos authorsmdashBenjamin H Harris policy director of the Hamilton Project and Brian David Moore a research assistant at the Urban-Brookings Tax Policy Centermdashnote that several counties and states have tried to decrease the burden through homestead exemptions and other laws But property taxes tend to make up a big part of local revenues Indeed property taxes comprise 346 percent of total local revenues and nearly 64 per-cent of local own-source revenue the researchers note Nationwide 60 percent of counties in the country had an average tax burden between $500 and $1500 per home owner Home owners in about 13 percent of counties paid less on average and 27 percent paid more Only 3 percent of counties had average bills that were more than $4000 New York and New Jersey tend to have the highest number of counties with the highest property tax burdens Westchester Nassau and Bergen counties in New York had the three highest average tax burdens all more than $8500 This reflects higher home prices as well as a higher reliance on property taxes by the state and local governments there Higher rates of property taxes are mostly found in the Northeast and parts of the Midwest according to the researchersOn the other hand 24 counties had average taxes below $250 with the majority of those counties located in Alabama or Louisiana

The United Nations Now Uses Drones - Colin DailedaThe sky over the Democratic Republic of Congo is now dotted with two white dronesmdashthe first unmanned aircraft owned by the United NationsThey took off from the city of Goma on Tuesday where they will help the UN better monitor rebel activity along the nationrsquos borders with Uganda and Rwanda according to The GuardianThe peacekeeping organization was integral to recently defeating M23 a rebel group in the Democratic Republic of Congo that took over Goma at one point last year But for a nation that has been battered by vi-olent groups for around 20 years defeating one is not enough and the 20000 UN troops throughout the country have not been able to end the bloodshed Other rebel factions lurk amidst dense forest in remote Congolese terrain and the UN believes drones will help track their movementldquoThe UN hasnrsquot had good surveillance and intel gathering capability in general so this is an improvementrdquo Peter Singer director of the Center for 21st Century Security and Intelligence at the Brookings Institution told Mashable in an email He added that drones are not only better than people at monitoring wide swaths of land but can also monitor one area for much longer periods of timeThese pilotless aircraft are a type of drone known as Falcos built by a subsidiary of the Italian company Finmeccanica Theyrsquore equipped with only cameras have a range of about 150 miles and have a UN Security council mandate to fly over only Congolese territory The UN plans to launch another by the end of the month and two more next MarchIf the monitoring is successful peacekeeping drone operations may soon expand to other African countries such as South Sudan and MaliAccording to The Guardian South Sudanese officials have requested the unmanned aircraft likely to assist in tracking rebel groups within their own bordersMuch of Mali a North African nation was taken over by terrorist groups earlier this year and many fear that could happen again UN drones would be better able to monitor the activities of these groups than would soldiers of the Malian government

tech roundupApple says 74 percent of App Store users are running iOS 7BY JON FINGAS

Two can play the OS statistics game it seems Just a couple of days after Google noted that 11 percent of Android devices vis-iting Google Play are running KitKat Apple has revealed that 74 percent of recent App Store customers are using iOS 7 Thatrsquos a healthy 10-point improvement over what we saw in October when 64 percent were running Cupertinorsquos newest platform The differ-ences in OS adoption rates arenrsquot totally surprising mind you Ap-ple is targeting a narrower pool of hardware doesnrsquot have to wait for third-party approvals and recently launched two new iPadsthat could easily boost iOS 7 adoption Android by its nature targets a wider range ofdevices and software interfaces that wonrsquot always re-ceive updates at the same time We wouldnrsquot expect a big spike in KitKat use until larger phone makers like HTC and Samsung throw their full weight behind Googlersquos latest platform

Next-Gen USB Connector Coming for Tech Gadgets

The USB connector is getting a makeover with a new plug type that is smaller and reversible but donrsquot expect it to be compatible with all existing USB plugs Yoursquoll need an adapter to plug it into older devices TechSpot reports The new USB connector dubbed Type-C is being proposed by USB 30 Promoter Group It will ldquofinally stop issues with not being able to insert the plug correctly the first timerdquo TechSpot reports The new version will accept the plug from either end ldquoType-C will also be smaller than the current Type-A plug similar in size to the micro USB 20 connector [which is found in most modern cell phones]rdquo The connector will be used to deliver power video and data across devices Itrsquoll usher in a new ldquosuper-thin classrdquo of devices the USB 30 Promoter Group saysThe new connector is currently in development Itrsquos expected to be finalized by mid-2014 The Type-C connectors are being developed to be paired with USB 31 on new devices toward the end of next year USB 31 will boost power delivery to the devices

Source ldquoNew USB connector inbound set to be smaller and revers-iblerdquo TechSpot (Dec 4 2013) and ldquoNext-gen USB connector will (finally) fit both waysrdquo PCWorld (Dec 4 2013)

5 Budding Social Data Startups to Watch - Mashable

Itrsquos still unclear exactly how Apple plans to use Topsy the social media analytics firm the tech giant acquired on Monday for a reported $200 million The possible theories are intriguing and numerous speculation includes improvements to Siri building social integration into Apple TV and even the creation of an Apple search engine to rival Google on mobile devicesRegardless of Applersquos motivation though other companies that make money by analyzing social data such as public posts and tweets are taking away a major positive from the news validationDozens of startups are trying to make sense of the millions of so-cial media interactions that take place each day Brands are using social data to monitor advertising campaigns identify new cus-tomers and engage with existing customers

1 140 ProofSan Francisco-based 140 Proof has created what it calls a Blend-ed Interest Graph a tool that targets consumers based on their social media posts and helps advertisers reach the appropriate audience The company works with thousands of advertisers in-cluding big names like Kraft Chevy and Microsoft to surface ads on the web and on mobile where consumers use their social IDs (Think Tumblr and Wordpress blogs and mobile apps that require a social login)2 DataSiftThe other darling from this busy week DataSift announced a $42 million funding round on Tuesday pushing the companyrsquos financing total over $70 million Half of the employees in the company are engineers Bailey said and the new funding means DataSift will continue to hire aggressively3 GnipGnip is the third and final US company with access to the entire Twitter firehose a valuable commodity as it allows access to every tweet sent around the world4 LeadSiftLeadSift is a small startup even by this listrsquos standards That doesnrsquot mean it canrsquot churn out useful results for its customers though LeadSift uses social media to bring brands and retailers the perfect customers5 Lithium TechnologiesAnother social startup based in San Francisco (surprise surprise) Lithium helps its customers build their own social communities online often as part of larger company websites The move allows Lithium clients to better engage with fans and customers of the brand control where the conversation happens and become an active participant without relying exclusively on external sites like Facebook or TwitterThe company announced a ldquopre-IPOrdquo round of financing in Sep-tember netting $50 million to bring Lithiumrsquos total fundraising over $150 million There is no set timetable for the companyrsquos IPO according to sources close to Lithium but an IPO toward the back half of 2014 wouldnrsquot be a surprise

RESOURCESWebsitesReece amp Nichols | jasondavisreeceandnicholscomPersonalized MyNeighborhood Report | jasondavisreeceandnicholscompagesrequest-myneighborhood-reportDavis Property Advisory Group | dpagkccomFacebook Profile | facebookcomJasonMDavis247Facebook Page | facebookcomdavisadvisorygroupGoogle+ | googlU1S3DDTwitter | twittercomjasonmdavis247LinkedIn | linkedincominjasonmichaeldavisPinterest | pinterestcomjasonmdavisInstagram | instagramcomjasonmdavis247Vimeo | vimeocomuser8372884YouTube | youtubecomuserutubejmdavis

Phone NumbersMaryhelen Loya | Homeservices Lending | 9132070713Terry Werth | Homeservices Lending | 9132666635Natalie Latta | Homeservices Lending - Reno Loans | 9132848166Kristy Rayos | Continental Title | 9133383232Lisa VanNewenhouse | Continental Title | 8169314916Jeff Duncan | Omega Title | 8164565698Dan Speck | Danrsquos Handyman Service | 8164528761

dpagKCcom

Page 11: Davis Property Advisory Group Magazine 01.04

Home Buyers Plan to Make a Move This WinterHome buyers who werenrsquot successful this summer at finding a home due to limited inventories and competition from all-cash offers are looking to retry their luck in the winter according to realtorcomregrsquos Winter Home Buyer Report ldquoThis summer and spring home-buying season was particularly challenging for buyers especially first-time home buyers trying to compete with all-cash offers and bidding wars because of reduced inventoryrdquo says Alison Schwartz vice president of corporate communications at realtorcomreg ldquoIn fact a quarter of the winter home buyers revealed they are in the market now because they were unable to find a home during this last home-buying seasonrdquoBut winter home buyers know theyrsquoll face some challenges Forty-five percent of those surveyed say they believe they will be up against inventory challenges again with few homes for sale within the price range they desire Twenty-nine percent also say that winter weather makes house-hunting unpleasant But they believe that the winter can be a good time to buy a home Twenty-six percent say winter is a good time to buy because they feel sellers will be more motivated and willing to negotiate Twenty-four percent also say they think home prices will be betterOf those looking to buy this winter 23 percent are planning to make a down pay-ment of 10 to 20 percent according to the realtorcomreg survey Twenty-two percent are planning to put down 21 to 99 percent in cash 19 percent plan to put down 100 percent cash and 13 percent are planning to make a down payment of 35 percent to qualify for a Federal Housing Administration loan Source realtorcom (Nov 20 2013)

SELLINGTIPS AND INFO

Investors Target lsquoHipstersrsquoThink hipsters arenrsquot as cool as they think they are Take a look at their effects on housingThe hipster lifestyle can have a ldquomajor impact on lo-cal real estate markets and mostly in a positive wayrdquo says Daren Blomquist vice president of RealtyTrac Neighborhoods that are branded as ldquohipsterrdquo often offer trendy restaurants coffee shops and other amenities mdash and thatrsquos likely to see property values and rental rates rise Blomquist saysSavvy real estate investors are even targeting hipster markets to purchase rental properties betting that they will offer up steady cash flow and strong appreciationRealtyTrac analyzed ZIP codes across the country to identify ldquohyper-local hipsterrdquo markets that offer investors solid returns on rental properties and boast low vacancy rates For its survey RealtyTrac identified ZIP codes where at least 20 percent of the popula-tion is between 25 and 34 years old mdash prime hipster age RealtyTrac also looked at densely populated neighborhoods that are walkable or use public transportation and where renters account for at least 50 percent of all housing units and vacancy rates are 5 percent or lessThe following ldquohipsterrdquo markets offered some of the highest gross yields in rents for investors based on fair-market rents and median home pricesSt Paul Minn (55101) 1398 gross rent yieldPittsburgh (15203) 1084Norfolk Va (23510) 796Minneapolis (55401) 776Alexandria Va (22304) 766East Rutherford NJ (07073) 706Arlington Va (22203) 669Iowa City Iowa (52246) 649Seattle (98121) 618Bellevue Wash (98007) 595Minneapolis (55408) 593Sunnyside NY (11104) 590Hoboken NJ (07030) 588Astoria NY (11102) 568Brooklyn NY (11232) 566Silver Spring Md (20910) 546Chicago (60625) 518 Source RealtyTrac

Sales of new single-family homes skyrocketed in October ending a three-month slump that began in July and providing evidence that elevated mortgage rates have not seriously hobbled the housing recoveryNew-home sales leaped 254 percent from September to October to a seasonally adjusted annual rate of 444000 according to data released today by the US Cen-sus Bureau and the Department of Housing and Urban Development (HUD) On an annual basis sales of new single-family homes increased by 216 percentWhile the jump in mortgage rates that occurred last spring may have temporarily stymied home sales any blow to the market was ldquoentirely transitoryrdquo according to research firm Capital Economics Octoberrsquos new home sales were about equal to those recorded between January and June of this year despite the fact that average mortgage rates were 60 basis points higher in October

12712 EnglandOverland Park KS 66213Fontainbleau SubdivisionMLS 1860304$3180004 Bed 32 Bath

9513 W 164th PlaceOverland Park KS 66085WyngateMLS 1860662$4535004 Bed 31 Bath9504 W 164th PlaceOverland Park KS 66085WyngateMLS 1860523$4680004 Bed 31 Bath15921 Ballentine StreetOverland Park KS 66062Deer ValleyMLS 1860080$4690005 Bed 41 Bath

10111 Fontana LaneOverland Park KS 66207Cherry HillsMLS 1860510$3299004 Bed 31 Bath

NEW OVERLAND PARK LISTINGS

How Much Income Home Buyers Need to PurchaseThe necessary income it takes to buy a median-priced home varies quite a bit across the country In Cleveland you could earn $22000 a year and still afford a house but in San Francisco you need to earn six times that mdash $125072 HSH Associates a publisher of mortgage data evaluated 25 major metros to see how much income home buyers need to earn in order to purchase a me-dian-priced home and cover the principal and interest payment on the mortgage The survey uses median home price data from the National Association of REALTORSregrsquo third-quarter report and subtracts a 20 percent down payment from those numbers The list does not factor in taxes mandatory insurance or home owner fees Here are some of the cities where you would need to earn the least amount in order to purchase a median-priced home there Cleveland $22348Cincinnati $25151St Louis $25228Atlanta $26863Tampa $26930Orlando $29631Here are some of the cities that require the highest salaries to afford a median-priced home San Francisco $125072San Diego $85843Los Angeles $79177New York City $71255Boston $68956Washington DC $68345Source ldquoThe Salary You Must Earn to Buy a Home in 25 Citiesrdquo HSHcom (November 2013)

Making the Most of Your Buyersrsquo Winter Search

The holidays are the perfect time of year for some home buyers to purchase a house and snag a great year-end deal mdash but limited inventory may be the ScroogeAfter a challenging home-buying season in the spring and summer many buyers say they plan to reignite their home search during the winter according to a recent realtorcomreg survey Theyrsquore hoping for less competition from all-cash buyers and fewer bidding wars during that time However winter often brings about limited inventories of homes for sale so buyers will likely find fewer choices It seems that buyers expect that 45 percent of those surveyed in the realtorcomregWinter Home Buyer Report say they believe theyrsquoll be up against inventory challenges again during the winter monthsSome real estate agents are grappling with that issue by finding homes that arenrsquot officially on the market to increase their buyersrsquo choices They are even drum-ming up ldquoold expiresrdquo mdash homes that were listed several years ago but never sold mdash to see if the owner will reconsider selling Some brokers are also sending letters to home owners in their buyerrsquos preferred neighborhood to motivate a home owner to consider sellingStill buyers shopping for a home in winter may find sellers more amenable to striking a good deal Particularly during the holidays sellers can be highly motivat-ed to sell before the end of the year says Tim Deihl associate broker at Gibson Sothebyrsquos International Realty in Boston Buyers may be able to take advantage of that sellersrsquo urgencyldquoA seller whorsquos looking to move a piece of real estate during the holidays is a seller who needs to sell because nobody in their right mind would pick that as the most convenient time to list their propertyrdquo Deihl saysSource ldquoHoliday home-buying may pay offrdquo Bankratecom (Dec 2 2013)

Buying Tips and Info

How Does Your Property Tax Burden CompareProperty taxes are an important source of revenue for city governments but rates can vary substantially across the country Property taxes make up about one quarter of home ownership costs over the median duration of ownership according to a study by two researchers with the Urban-Brookings Tax Policy Center The studyrsquos authorsmdashBenjamin H Harris policy director of the Hamilton Project and Brian David Moore a research assistant at the Urban-Brookings Tax Policy Centermdashnote that several counties and states have tried to decrease the burden through homestead exemptions and other laws But property taxes tend to make up a big part of local revenues Indeed property taxes comprise 346 percent of total local revenues and nearly 64 per-cent of local own-source revenue the researchers note Nationwide 60 percent of counties in the country had an average tax burden between $500 and $1500 per home owner Home owners in about 13 percent of counties paid less on average and 27 percent paid more Only 3 percent of counties had average bills that were more than $4000 New York and New Jersey tend to have the highest number of counties with the highest property tax burdens Westchester Nassau and Bergen counties in New York had the three highest average tax burdens all more than $8500 This reflects higher home prices as well as a higher reliance on property taxes by the state and local governments there Higher rates of property taxes are mostly found in the Northeast and parts of the Midwest according to the researchersOn the other hand 24 counties had average taxes below $250 with the majority of those counties located in Alabama or Louisiana

The United Nations Now Uses Drones - Colin DailedaThe sky over the Democratic Republic of Congo is now dotted with two white dronesmdashthe first unmanned aircraft owned by the United NationsThey took off from the city of Goma on Tuesday where they will help the UN better monitor rebel activity along the nationrsquos borders with Uganda and Rwanda according to The GuardianThe peacekeeping organization was integral to recently defeating M23 a rebel group in the Democratic Republic of Congo that took over Goma at one point last year But for a nation that has been battered by vi-olent groups for around 20 years defeating one is not enough and the 20000 UN troops throughout the country have not been able to end the bloodshed Other rebel factions lurk amidst dense forest in remote Congolese terrain and the UN believes drones will help track their movementldquoThe UN hasnrsquot had good surveillance and intel gathering capability in general so this is an improvementrdquo Peter Singer director of the Center for 21st Century Security and Intelligence at the Brookings Institution told Mashable in an email He added that drones are not only better than people at monitoring wide swaths of land but can also monitor one area for much longer periods of timeThese pilotless aircraft are a type of drone known as Falcos built by a subsidiary of the Italian company Finmeccanica Theyrsquore equipped with only cameras have a range of about 150 miles and have a UN Security council mandate to fly over only Congolese territory The UN plans to launch another by the end of the month and two more next MarchIf the monitoring is successful peacekeeping drone operations may soon expand to other African countries such as South Sudan and MaliAccording to The Guardian South Sudanese officials have requested the unmanned aircraft likely to assist in tracking rebel groups within their own bordersMuch of Mali a North African nation was taken over by terrorist groups earlier this year and many fear that could happen again UN drones would be better able to monitor the activities of these groups than would soldiers of the Malian government

tech roundupApple says 74 percent of App Store users are running iOS 7BY JON FINGAS

Two can play the OS statistics game it seems Just a couple of days after Google noted that 11 percent of Android devices vis-iting Google Play are running KitKat Apple has revealed that 74 percent of recent App Store customers are using iOS 7 Thatrsquos a healthy 10-point improvement over what we saw in October when 64 percent were running Cupertinorsquos newest platform The differ-ences in OS adoption rates arenrsquot totally surprising mind you Ap-ple is targeting a narrower pool of hardware doesnrsquot have to wait for third-party approvals and recently launched two new iPadsthat could easily boost iOS 7 adoption Android by its nature targets a wider range ofdevices and software interfaces that wonrsquot always re-ceive updates at the same time We wouldnrsquot expect a big spike in KitKat use until larger phone makers like HTC and Samsung throw their full weight behind Googlersquos latest platform

Next-Gen USB Connector Coming for Tech Gadgets

The USB connector is getting a makeover with a new plug type that is smaller and reversible but donrsquot expect it to be compatible with all existing USB plugs Yoursquoll need an adapter to plug it into older devices TechSpot reports The new USB connector dubbed Type-C is being proposed by USB 30 Promoter Group It will ldquofinally stop issues with not being able to insert the plug correctly the first timerdquo TechSpot reports The new version will accept the plug from either end ldquoType-C will also be smaller than the current Type-A plug similar in size to the micro USB 20 connector [which is found in most modern cell phones]rdquo The connector will be used to deliver power video and data across devices Itrsquoll usher in a new ldquosuper-thin classrdquo of devices the USB 30 Promoter Group saysThe new connector is currently in development Itrsquos expected to be finalized by mid-2014 The Type-C connectors are being developed to be paired with USB 31 on new devices toward the end of next year USB 31 will boost power delivery to the devices

Source ldquoNew USB connector inbound set to be smaller and revers-iblerdquo TechSpot (Dec 4 2013) and ldquoNext-gen USB connector will (finally) fit both waysrdquo PCWorld (Dec 4 2013)

5 Budding Social Data Startups to Watch - Mashable

Itrsquos still unclear exactly how Apple plans to use Topsy the social media analytics firm the tech giant acquired on Monday for a reported $200 million The possible theories are intriguing and numerous speculation includes improvements to Siri building social integration into Apple TV and even the creation of an Apple search engine to rival Google on mobile devicesRegardless of Applersquos motivation though other companies that make money by analyzing social data such as public posts and tweets are taking away a major positive from the news validationDozens of startups are trying to make sense of the millions of so-cial media interactions that take place each day Brands are using social data to monitor advertising campaigns identify new cus-tomers and engage with existing customers

1 140 ProofSan Francisco-based 140 Proof has created what it calls a Blend-ed Interest Graph a tool that targets consumers based on their social media posts and helps advertisers reach the appropriate audience The company works with thousands of advertisers in-cluding big names like Kraft Chevy and Microsoft to surface ads on the web and on mobile where consumers use their social IDs (Think Tumblr and Wordpress blogs and mobile apps that require a social login)2 DataSiftThe other darling from this busy week DataSift announced a $42 million funding round on Tuesday pushing the companyrsquos financing total over $70 million Half of the employees in the company are engineers Bailey said and the new funding means DataSift will continue to hire aggressively3 GnipGnip is the third and final US company with access to the entire Twitter firehose a valuable commodity as it allows access to every tweet sent around the world4 LeadSiftLeadSift is a small startup even by this listrsquos standards That doesnrsquot mean it canrsquot churn out useful results for its customers though LeadSift uses social media to bring brands and retailers the perfect customers5 Lithium TechnologiesAnother social startup based in San Francisco (surprise surprise) Lithium helps its customers build their own social communities online often as part of larger company websites The move allows Lithium clients to better engage with fans and customers of the brand control where the conversation happens and become an active participant without relying exclusively on external sites like Facebook or TwitterThe company announced a ldquopre-IPOrdquo round of financing in Sep-tember netting $50 million to bring Lithiumrsquos total fundraising over $150 million There is no set timetable for the companyrsquos IPO according to sources close to Lithium but an IPO toward the back half of 2014 wouldnrsquot be a surprise

RESOURCESWebsitesReece amp Nichols | jasondavisreeceandnicholscomPersonalized MyNeighborhood Report | jasondavisreeceandnicholscompagesrequest-myneighborhood-reportDavis Property Advisory Group | dpagkccomFacebook Profile | facebookcomJasonMDavis247Facebook Page | facebookcomdavisadvisorygroupGoogle+ | googlU1S3DDTwitter | twittercomjasonmdavis247LinkedIn | linkedincominjasonmichaeldavisPinterest | pinterestcomjasonmdavisInstagram | instagramcomjasonmdavis247Vimeo | vimeocomuser8372884YouTube | youtubecomuserutubejmdavis

Phone NumbersMaryhelen Loya | Homeservices Lending | 9132070713Terry Werth | Homeservices Lending | 9132666635Natalie Latta | Homeservices Lending - Reno Loans | 9132848166Kristy Rayos | Continental Title | 9133383232Lisa VanNewenhouse | Continental Title | 8169314916Jeff Duncan | Omega Title | 8164565698Dan Speck | Danrsquos Handyman Service | 8164528761

dpagKCcom

Page 12: Davis Property Advisory Group Magazine 01.04

12712 EnglandOverland Park KS 66213Fontainbleau SubdivisionMLS 1860304$3180004 Bed 32 Bath

9513 W 164th PlaceOverland Park KS 66085WyngateMLS 1860662$4535004 Bed 31 Bath9504 W 164th PlaceOverland Park KS 66085WyngateMLS 1860523$4680004 Bed 31 Bath15921 Ballentine StreetOverland Park KS 66062Deer ValleyMLS 1860080$4690005 Bed 41 Bath

10111 Fontana LaneOverland Park KS 66207Cherry HillsMLS 1860510$3299004 Bed 31 Bath

NEW OVERLAND PARK LISTINGS

How Much Income Home Buyers Need to PurchaseThe necessary income it takes to buy a median-priced home varies quite a bit across the country In Cleveland you could earn $22000 a year and still afford a house but in San Francisco you need to earn six times that mdash $125072 HSH Associates a publisher of mortgage data evaluated 25 major metros to see how much income home buyers need to earn in order to purchase a me-dian-priced home and cover the principal and interest payment on the mortgage The survey uses median home price data from the National Association of REALTORSregrsquo third-quarter report and subtracts a 20 percent down payment from those numbers The list does not factor in taxes mandatory insurance or home owner fees Here are some of the cities where you would need to earn the least amount in order to purchase a median-priced home there Cleveland $22348Cincinnati $25151St Louis $25228Atlanta $26863Tampa $26930Orlando $29631Here are some of the cities that require the highest salaries to afford a median-priced home San Francisco $125072San Diego $85843Los Angeles $79177New York City $71255Boston $68956Washington DC $68345Source ldquoThe Salary You Must Earn to Buy a Home in 25 Citiesrdquo HSHcom (November 2013)

Making the Most of Your Buyersrsquo Winter Search

The holidays are the perfect time of year for some home buyers to purchase a house and snag a great year-end deal mdash but limited inventory may be the ScroogeAfter a challenging home-buying season in the spring and summer many buyers say they plan to reignite their home search during the winter according to a recent realtorcomreg survey Theyrsquore hoping for less competition from all-cash buyers and fewer bidding wars during that time However winter often brings about limited inventories of homes for sale so buyers will likely find fewer choices It seems that buyers expect that 45 percent of those surveyed in the realtorcomregWinter Home Buyer Report say they believe theyrsquoll be up against inventory challenges again during the winter monthsSome real estate agents are grappling with that issue by finding homes that arenrsquot officially on the market to increase their buyersrsquo choices They are even drum-ming up ldquoold expiresrdquo mdash homes that were listed several years ago but never sold mdash to see if the owner will reconsider selling Some brokers are also sending letters to home owners in their buyerrsquos preferred neighborhood to motivate a home owner to consider sellingStill buyers shopping for a home in winter may find sellers more amenable to striking a good deal Particularly during the holidays sellers can be highly motivat-ed to sell before the end of the year says Tim Deihl associate broker at Gibson Sothebyrsquos International Realty in Boston Buyers may be able to take advantage of that sellersrsquo urgencyldquoA seller whorsquos looking to move a piece of real estate during the holidays is a seller who needs to sell because nobody in their right mind would pick that as the most convenient time to list their propertyrdquo Deihl saysSource ldquoHoliday home-buying may pay offrdquo Bankratecom (Dec 2 2013)

Buying Tips and Info

How Does Your Property Tax Burden CompareProperty taxes are an important source of revenue for city governments but rates can vary substantially across the country Property taxes make up about one quarter of home ownership costs over the median duration of ownership according to a study by two researchers with the Urban-Brookings Tax Policy Center The studyrsquos authorsmdashBenjamin H Harris policy director of the Hamilton Project and Brian David Moore a research assistant at the Urban-Brookings Tax Policy Centermdashnote that several counties and states have tried to decrease the burden through homestead exemptions and other laws But property taxes tend to make up a big part of local revenues Indeed property taxes comprise 346 percent of total local revenues and nearly 64 per-cent of local own-source revenue the researchers note Nationwide 60 percent of counties in the country had an average tax burden between $500 and $1500 per home owner Home owners in about 13 percent of counties paid less on average and 27 percent paid more Only 3 percent of counties had average bills that were more than $4000 New York and New Jersey tend to have the highest number of counties with the highest property tax burdens Westchester Nassau and Bergen counties in New York had the three highest average tax burdens all more than $8500 This reflects higher home prices as well as a higher reliance on property taxes by the state and local governments there Higher rates of property taxes are mostly found in the Northeast and parts of the Midwest according to the researchersOn the other hand 24 counties had average taxes below $250 with the majority of those counties located in Alabama or Louisiana

The United Nations Now Uses Drones - Colin DailedaThe sky over the Democratic Republic of Congo is now dotted with two white dronesmdashthe first unmanned aircraft owned by the United NationsThey took off from the city of Goma on Tuesday where they will help the UN better monitor rebel activity along the nationrsquos borders with Uganda and Rwanda according to The GuardianThe peacekeeping organization was integral to recently defeating M23 a rebel group in the Democratic Republic of Congo that took over Goma at one point last year But for a nation that has been battered by vi-olent groups for around 20 years defeating one is not enough and the 20000 UN troops throughout the country have not been able to end the bloodshed Other rebel factions lurk amidst dense forest in remote Congolese terrain and the UN believes drones will help track their movementldquoThe UN hasnrsquot had good surveillance and intel gathering capability in general so this is an improvementrdquo Peter Singer director of the Center for 21st Century Security and Intelligence at the Brookings Institution told Mashable in an email He added that drones are not only better than people at monitoring wide swaths of land but can also monitor one area for much longer periods of timeThese pilotless aircraft are a type of drone known as Falcos built by a subsidiary of the Italian company Finmeccanica Theyrsquore equipped with only cameras have a range of about 150 miles and have a UN Security council mandate to fly over only Congolese territory The UN plans to launch another by the end of the month and two more next MarchIf the monitoring is successful peacekeeping drone operations may soon expand to other African countries such as South Sudan and MaliAccording to The Guardian South Sudanese officials have requested the unmanned aircraft likely to assist in tracking rebel groups within their own bordersMuch of Mali a North African nation was taken over by terrorist groups earlier this year and many fear that could happen again UN drones would be better able to monitor the activities of these groups than would soldiers of the Malian government

tech roundupApple says 74 percent of App Store users are running iOS 7BY JON FINGAS

Two can play the OS statistics game it seems Just a couple of days after Google noted that 11 percent of Android devices vis-iting Google Play are running KitKat Apple has revealed that 74 percent of recent App Store customers are using iOS 7 Thatrsquos a healthy 10-point improvement over what we saw in October when 64 percent were running Cupertinorsquos newest platform The differ-ences in OS adoption rates arenrsquot totally surprising mind you Ap-ple is targeting a narrower pool of hardware doesnrsquot have to wait for third-party approvals and recently launched two new iPadsthat could easily boost iOS 7 adoption Android by its nature targets a wider range ofdevices and software interfaces that wonrsquot always re-ceive updates at the same time We wouldnrsquot expect a big spike in KitKat use until larger phone makers like HTC and Samsung throw their full weight behind Googlersquos latest platform

Next-Gen USB Connector Coming for Tech Gadgets

The USB connector is getting a makeover with a new plug type that is smaller and reversible but donrsquot expect it to be compatible with all existing USB plugs Yoursquoll need an adapter to plug it into older devices TechSpot reports The new USB connector dubbed Type-C is being proposed by USB 30 Promoter Group It will ldquofinally stop issues with not being able to insert the plug correctly the first timerdquo TechSpot reports The new version will accept the plug from either end ldquoType-C will also be smaller than the current Type-A plug similar in size to the micro USB 20 connector [which is found in most modern cell phones]rdquo The connector will be used to deliver power video and data across devices Itrsquoll usher in a new ldquosuper-thin classrdquo of devices the USB 30 Promoter Group saysThe new connector is currently in development Itrsquos expected to be finalized by mid-2014 The Type-C connectors are being developed to be paired with USB 31 on new devices toward the end of next year USB 31 will boost power delivery to the devices

Source ldquoNew USB connector inbound set to be smaller and revers-iblerdquo TechSpot (Dec 4 2013) and ldquoNext-gen USB connector will (finally) fit both waysrdquo PCWorld (Dec 4 2013)

5 Budding Social Data Startups to Watch - Mashable

Itrsquos still unclear exactly how Apple plans to use Topsy the social media analytics firm the tech giant acquired on Monday for a reported $200 million The possible theories are intriguing and numerous speculation includes improvements to Siri building social integration into Apple TV and even the creation of an Apple search engine to rival Google on mobile devicesRegardless of Applersquos motivation though other companies that make money by analyzing social data such as public posts and tweets are taking away a major positive from the news validationDozens of startups are trying to make sense of the millions of so-cial media interactions that take place each day Brands are using social data to monitor advertising campaigns identify new cus-tomers and engage with existing customers

1 140 ProofSan Francisco-based 140 Proof has created what it calls a Blend-ed Interest Graph a tool that targets consumers based on their social media posts and helps advertisers reach the appropriate audience The company works with thousands of advertisers in-cluding big names like Kraft Chevy and Microsoft to surface ads on the web and on mobile where consumers use their social IDs (Think Tumblr and Wordpress blogs and mobile apps that require a social login)2 DataSiftThe other darling from this busy week DataSift announced a $42 million funding round on Tuesday pushing the companyrsquos financing total over $70 million Half of the employees in the company are engineers Bailey said and the new funding means DataSift will continue to hire aggressively3 GnipGnip is the third and final US company with access to the entire Twitter firehose a valuable commodity as it allows access to every tweet sent around the world4 LeadSiftLeadSift is a small startup even by this listrsquos standards That doesnrsquot mean it canrsquot churn out useful results for its customers though LeadSift uses social media to bring brands and retailers the perfect customers5 Lithium TechnologiesAnother social startup based in San Francisco (surprise surprise) Lithium helps its customers build their own social communities online often as part of larger company websites The move allows Lithium clients to better engage with fans and customers of the brand control where the conversation happens and become an active participant without relying exclusively on external sites like Facebook or TwitterThe company announced a ldquopre-IPOrdquo round of financing in Sep-tember netting $50 million to bring Lithiumrsquos total fundraising over $150 million There is no set timetable for the companyrsquos IPO according to sources close to Lithium but an IPO toward the back half of 2014 wouldnrsquot be a surprise

RESOURCESWebsitesReece amp Nichols | jasondavisreeceandnicholscomPersonalized MyNeighborhood Report | jasondavisreeceandnicholscompagesrequest-myneighborhood-reportDavis Property Advisory Group | dpagkccomFacebook Profile | facebookcomJasonMDavis247Facebook Page | facebookcomdavisadvisorygroupGoogle+ | googlU1S3DDTwitter | twittercomjasonmdavis247LinkedIn | linkedincominjasonmichaeldavisPinterest | pinterestcomjasonmdavisInstagram | instagramcomjasonmdavis247Vimeo | vimeocomuser8372884YouTube | youtubecomuserutubejmdavis

Phone NumbersMaryhelen Loya | Homeservices Lending | 9132070713Terry Werth | Homeservices Lending | 9132666635Natalie Latta | Homeservices Lending - Reno Loans | 9132848166Kristy Rayos | Continental Title | 9133383232Lisa VanNewenhouse | Continental Title | 8169314916Jeff Duncan | Omega Title | 8164565698Dan Speck | Danrsquos Handyman Service | 8164528761

dpagKCcom

Page 13: Davis Property Advisory Group Magazine 01.04

How Much Income Home Buyers Need to PurchaseThe necessary income it takes to buy a median-priced home varies quite a bit across the country In Cleveland you could earn $22000 a year and still afford a house but in San Francisco you need to earn six times that mdash $125072 HSH Associates a publisher of mortgage data evaluated 25 major metros to see how much income home buyers need to earn in order to purchase a me-dian-priced home and cover the principal and interest payment on the mortgage The survey uses median home price data from the National Association of REALTORSregrsquo third-quarter report and subtracts a 20 percent down payment from those numbers The list does not factor in taxes mandatory insurance or home owner fees Here are some of the cities where you would need to earn the least amount in order to purchase a median-priced home there Cleveland $22348Cincinnati $25151St Louis $25228Atlanta $26863Tampa $26930Orlando $29631Here are some of the cities that require the highest salaries to afford a median-priced home San Francisco $125072San Diego $85843Los Angeles $79177New York City $71255Boston $68956Washington DC $68345Source ldquoThe Salary You Must Earn to Buy a Home in 25 Citiesrdquo HSHcom (November 2013)

Making the Most of Your Buyersrsquo Winter Search

The holidays are the perfect time of year for some home buyers to purchase a house and snag a great year-end deal mdash but limited inventory may be the ScroogeAfter a challenging home-buying season in the spring and summer many buyers say they plan to reignite their home search during the winter according to a recent realtorcomreg survey Theyrsquore hoping for less competition from all-cash buyers and fewer bidding wars during that time However winter often brings about limited inventories of homes for sale so buyers will likely find fewer choices It seems that buyers expect that 45 percent of those surveyed in the realtorcomregWinter Home Buyer Report say they believe theyrsquoll be up against inventory challenges again during the winter monthsSome real estate agents are grappling with that issue by finding homes that arenrsquot officially on the market to increase their buyersrsquo choices They are even drum-ming up ldquoold expiresrdquo mdash homes that were listed several years ago but never sold mdash to see if the owner will reconsider selling Some brokers are also sending letters to home owners in their buyerrsquos preferred neighborhood to motivate a home owner to consider sellingStill buyers shopping for a home in winter may find sellers more amenable to striking a good deal Particularly during the holidays sellers can be highly motivat-ed to sell before the end of the year says Tim Deihl associate broker at Gibson Sothebyrsquos International Realty in Boston Buyers may be able to take advantage of that sellersrsquo urgencyldquoA seller whorsquos looking to move a piece of real estate during the holidays is a seller who needs to sell because nobody in their right mind would pick that as the most convenient time to list their propertyrdquo Deihl saysSource ldquoHoliday home-buying may pay offrdquo Bankratecom (Dec 2 2013)

Buying Tips and Info

How Does Your Property Tax Burden CompareProperty taxes are an important source of revenue for city governments but rates can vary substantially across the country Property taxes make up about one quarter of home ownership costs over the median duration of ownership according to a study by two researchers with the Urban-Brookings Tax Policy Center The studyrsquos authorsmdashBenjamin H Harris policy director of the Hamilton Project and Brian David Moore a research assistant at the Urban-Brookings Tax Policy Centermdashnote that several counties and states have tried to decrease the burden through homestead exemptions and other laws But property taxes tend to make up a big part of local revenues Indeed property taxes comprise 346 percent of total local revenues and nearly 64 per-cent of local own-source revenue the researchers note Nationwide 60 percent of counties in the country had an average tax burden between $500 and $1500 per home owner Home owners in about 13 percent of counties paid less on average and 27 percent paid more Only 3 percent of counties had average bills that were more than $4000 New York and New Jersey tend to have the highest number of counties with the highest property tax burdens Westchester Nassau and Bergen counties in New York had the three highest average tax burdens all more than $8500 This reflects higher home prices as well as a higher reliance on property taxes by the state and local governments there Higher rates of property taxes are mostly found in the Northeast and parts of the Midwest according to the researchersOn the other hand 24 counties had average taxes below $250 with the majority of those counties located in Alabama or Louisiana

The United Nations Now Uses Drones - Colin DailedaThe sky over the Democratic Republic of Congo is now dotted with two white dronesmdashthe first unmanned aircraft owned by the United NationsThey took off from the city of Goma on Tuesday where they will help the UN better monitor rebel activity along the nationrsquos borders with Uganda and Rwanda according to The GuardianThe peacekeeping organization was integral to recently defeating M23 a rebel group in the Democratic Republic of Congo that took over Goma at one point last year But for a nation that has been battered by vi-olent groups for around 20 years defeating one is not enough and the 20000 UN troops throughout the country have not been able to end the bloodshed Other rebel factions lurk amidst dense forest in remote Congolese terrain and the UN believes drones will help track their movementldquoThe UN hasnrsquot had good surveillance and intel gathering capability in general so this is an improvementrdquo Peter Singer director of the Center for 21st Century Security and Intelligence at the Brookings Institution told Mashable in an email He added that drones are not only better than people at monitoring wide swaths of land but can also monitor one area for much longer periods of timeThese pilotless aircraft are a type of drone known as Falcos built by a subsidiary of the Italian company Finmeccanica Theyrsquore equipped with only cameras have a range of about 150 miles and have a UN Security council mandate to fly over only Congolese territory The UN plans to launch another by the end of the month and two more next MarchIf the monitoring is successful peacekeeping drone operations may soon expand to other African countries such as South Sudan and MaliAccording to The Guardian South Sudanese officials have requested the unmanned aircraft likely to assist in tracking rebel groups within their own bordersMuch of Mali a North African nation was taken over by terrorist groups earlier this year and many fear that could happen again UN drones would be better able to monitor the activities of these groups than would soldiers of the Malian government

tech roundupApple says 74 percent of App Store users are running iOS 7BY JON FINGAS

Two can play the OS statistics game it seems Just a couple of days after Google noted that 11 percent of Android devices vis-iting Google Play are running KitKat Apple has revealed that 74 percent of recent App Store customers are using iOS 7 Thatrsquos a healthy 10-point improvement over what we saw in October when 64 percent were running Cupertinorsquos newest platform The differ-ences in OS adoption rates arenrsquot totally surprising mind you Ap-ple is targeting a narrower pool of hardware doesnrsquot have to wait for third-party approvals and recently launched two new iPadsthat could easily boost iOS 7 adoption Android by its nature targets a wider range ofdevices and software interfaces that wonrsquot always re-ceive updates at the same time We wouldnrsquot expect a big spike in KitKat use until larger phone makers like HTC and Samsung throw their full weight behind Googlersquos latest platform

Next-Gen USB Connector Coming for Tech Gadgets

The USB connector is getting a makeover with a new plug type that is smaller and reversible but donrsquot expect it to be compatible with all existing USB plugs Yoursquoll need an adapter to plug it into older devices TechSpot reports The new USB connector dubbed Type-C is being proposed by USB 30 Promoter Group It will ldquofinally stop issues with not being able to insert the plug correctly the first timerdquo TechSpot reports The new version will accept the plug from either end ldquoType-C will also be smaller than the current Type-A plug similar in size to the micro USB 20 connector [which is found in most modern cell phones]rdquo The connector will be used to deliver power video and data across devices Itrsquoll usher in a new ldquosuper-thin classrdquo of devices the USB 30 Promoter Group saysThe new connector is currently in development Itrsquos expected to be finalized by mid-2014 The Type-C connectors are being developed to be paired with USB 31 on new devices toward the end of next year USB 31 will boost power delivery to the devices

Source ldquoNew USB connector inbound set to be smaller and revers-iblerdquo TechSpot (Dec 4 2013) and ldquoNext-gen USB connector will (finally) fit both waysrdquo PCWorld (Dec 4 2013)

5 Budding Social Data Startups to Watch - Mashable

Itrsquos still unclear exactly how Apple plans to use Topsy the social media analytics firm the tech giant acquired on Monday for a reported $200 million The possible theories are intriguing and numerous speculation includes improvements to Siri building social integration into Apple TV and even the creation of an Apple search engine to rival Google on mobile devicesRegardless of Applersquos motivation though other companies that make money by analyzing social data such as public posts and tweets are taking away a major positive from the news validationDozens of startups are trying to make sense of the millions of so-cial media interactions that take place each day Brands are using social data to monitor advertising campaigns identify new cus-tomers and engage with existing customers

1 140 ProofSan Francisco-based 140 Proof has created what it calls a Blend-ed Interest Graph a tool that targets consumers based on their social media posts and helps advertisers reach the appropriate audience The company works with thousands of advertisers in-cluding big names like Kraft Chevy and Microsoft to surface ads on the web and on mobile where consumers use their social IDs (Think Tumblr and Wordpress blogs and mobile apps that require a social login)2 DataSiftThe other darling from this busy week DataSift announced a $42 million funding round on Tuesday pushing the companyrsquos financing total over $70 million Half of the employees in the company are engineers Bailey said and the new funding means DataSift will continue to hire aggressively3 GnipGnip is the third and final US company with access to the entire Twitter firehose a valuable commodity as it allows access to every tweet sent around the world4 LeadSiftLeadSift is a small startup even by this listrsquos standards That doesnrsquot mean it canrsquot churn out useful results for its customers though LeadSift uses social media to bring brands and retailers the perfect customers5 Lithium TechnologiesAnother social startup based in San Francisco (surprise surprise) Lithium helps its customers build their own social communities online often as part of larger company websites The move allows Lithium clients to better engage with fans and customers of the brand control where the conversation happens and become an active participant without relying exclusively on external sites like Facebook or TwitterThe company announced a ldquopre-IPOrdquo round of financing in Sep-tember netting $50 million to bring Lithiumrsquos total fundraising over $150 million There is no set timetable for the companyrsquos IPO according to sources close to Lithium but an IPO toward the back half of 2014 wouldnrsquot be a surprise

RESOURCESWebsitesReece amp Nichols | jasondavisreeceandnicholscomPersonalized MyNeighborhood Report | jasondavisreeceandnicholscompagesrequest-myneighborhood-reportDavis Property Advisory Group | dpagkccomFacebook Profile | facebookcomJasonMDavis247Facebook Page | facebookcomdavisadvisorygroupGoogle+ | googlU1S3DDTwitter | twittercomjasonmdavis247LinkedIn | linkedincominjasonmichaeldavisPinterest | pinterestcomjasonmdavisInstagram | instagramcomjasonmdavis247Vimeo | vimeocomuser8372884YouTube | youtubecomuserutubejmdavis

Phone NumbersMaryhelen Loya | Homeservices Lending | 9132070713Terry Werth | Homeservices Lending | 9132666635Natalie Latta | Homeservices Lending - Reno Loans | 9132848166Kristy Rayos | Continental Title | 9133383232Lisa VanNewenhouse | Continental Title | 8169314916Jeff Duncan | Omega Title | 8164565698Dan Speck | Danrsquos Handyman Service | 8164528761

dpagKCcom

Page 14: Davis Property Advisory Group Magazine 01.04

The United Nations Now Uses Drones - Colin DailedaThe sky over the Democratic Republic of Congo is now dotted with two white dronesmdashthe first unmanned aircraft owned by the United NationsThey took off from the city of Goma on Tuesday where they will help the UN better monitor rebel activity along the nationrsquos borders with Uganda and Rwanda according to The GuardianThe peacekeeping organization was integral to recently defeating M23 a rebel group in the Democratic Republic of Congo that took over Goma at one point last year But for a nation that has been battered by vi-olent groups for around 20 years defeating one is not enough and the 20000 UN troops throughout the country have not been able to end the bloodshed Other rebel factions lurk amidst dense forest in remote Congolese terrain and the UN believes drones will help track their movementldquoThe UN hasnrsquot had good surveillance and intel gathering capability in general so this is an improvementrdquo Peter Singer director of the Center for 21st Century Security and Intelligence at the Brookings Institution told Mashable in an email He added that drones are not only better than people at monitoring wide swaths of land but can also monitor one area for much longer periods of timeThese pilotless aircraft are a type of drone known as Falcos built by a subsidiary of the Italian company Finmeccanica Theyrsquore equipped with only cameras have a range of about 150 miles and have a UN Security council mandate to fly over only Congolese territory The UN plans to launch another by the end of the month and two more next MarchIf the monitoring is successful peacekeeping drone operations may soon expand to other African countries such as South Sudan and MaliAccording to The Guardian South Sudanese officials have requested the unmanned aircraft likely to assist in tracking rebel groups within their own bordersMuch of Mali a North African nation was taken over by terrorist groups earlier this year and many fear that could happen again UN drones would be better able to monitor the activities of these groups than would soldiers of the Malian government

tech roundupApple says 74 percent of App Store users are running iOS 7BY JON FINGAS

Two can play the OS statistics game it seems Just a couple of days after Google noted that 11 percent of Android devices vis-iting Google Play are running KitKat Apple has revealed that 74 percent of recent App Store customers are using iOS 7 Thatrsquos a healthy 10-point improvement over what we saw in October when 64 percent were running Cupertinorsquos newest platform The differ-ences in OS adoption rates arenrsquot totally surprising mind you Ap-ple is targeting a narrower pool of hardware doesnrsquot have to wait for third-party approvals and recently launched two new iPadsthat could easily boost iOS 7 adoption Android by its nature targets a wider range ofdevices and software interfaces that wonrsquot always re-ceive updates at the same time We wouldnrsquot expect a big spike in KitKat use until larger phone makers like HTC and Samsung throw their full weight behind Googlersquos latest platform

Next-Gen USB Connector Coming for Tech Gadgets

The USB connector is getting a makeover with a new plug type that is smaller and reversible but donrsquot expect it to be compatible with all existing USB plugs Yoursquoll need an adapter to plug it into older devices TechSpot reports The new USB connector dubbed Type-C is being proposed by USB 30 Promoter Group It will ldquofinally stop issues with not being able to insert the plug correctly the first timerdquo TechSpot reports The new version will accept the plug from either end ldquoType-C will also be smaller than the current Type-A plug similar in size to the micro USB 20 connector [which is found in most modern cell phones]rdquo The connector will be used to deliver power video and data across devices Itrsquoll usher in a new ldquosuper-thin classrdquo of devices the USB 30 Promoter Group saysThe new connector is currently in development Itrsquos expected to be finalized by mid-2014 The Type-C connectors are being developed to be paired with USB 31 on new devices toward the end of next year USB 31 will boost power delivery to the devices

Source ldquoNew USB connector inbound set to be smaller and revers-iblerdquo TechSpot (Dec 4 2013) and ldquoNext-gen USB connector will (finally) fit both waysrdquo PCWorld (Dec 4 2013)

5 Budding Social Data Startups to Watch - Mashable

Itrsquos still unclear exactly how Apple plans to use Topsy the social media analytics firm the tech giant acquired on Monday for a reported $200 million The possible theories are intriguing and numerous speculation includes improvements to Siri building social integration into Apple TV and even the creation of an Apple search engine to rival Google on mobile devicesRegardless of Applersquos motivation though other companies that make money by analyzing social data such as public posts and tweets are taking away a major positive from the news validationDozens of startups are trying to make sense of the millions of so-cial media interactions that take place each day Brands are using social data to monitor advertising campaigns identify new cus-tomers and engage with existing customers

1 140 ProofSan Francisco-based 140 Proof has created what it calls a Blend-ed Interest Graph a tool that targets consumers based on their social media posts and helps advertisers reach the appropriate audience The company works with thousands of advertisers in-cluding big names like Kraft Chevy and Microsoft to surface ads on the web and on mobile where consumers use their social IDs (Think Tumblr and Wordpress blogs and mobile apps that require a social login)2 DataSiftThe other darling from this busy week DataSift announced a $42 million funding round on Tuesday pushing the companyrsquos financing total over $70 million Half of the employees in the company are engineers Bailey said and the new funding means DataSift will continue to hire aggressively3 GnipGnip is the third and final US company with access to the entire Twitter firehose a valuable commodity as it allows access to every tweet sent around the world4 LeadSiftLeadSift is a small startup even by this listrsquos standards That doesnrsquot mean it canrsquot churn out useful results for its customers though LeadSift uses social media to bring brands and retailers the perfect customers5 Lithium TechnologiesAnother social startup based in San Francisco (surprise surprise) Lithium helps its customers build their own social communities online often as part of larger company websites The move allows Lithium clients to better engage with fans and customers of the brand control where the conversation happens and become an active participant without relying exclusively on external sites like Facebook or TwitterThe company announced a ldquopre-IPOrdquo round of financing in Sep-tember netting $50 million to bring Lithiumrsquos total fundraising over $150 million There is no set timetable for the companyrsquos IPO according to sources close to Lithium but an IPO toward the back half of 2014 wouldnrsquot be a surprise

RESOURCESWebsitesReece amp Nichols | jasondavisreeceandnicholscomPersonalized MyNeighborhood Report | jasondavisreeceandnicholscompagesrequest-myneighborhood-reportDavis Property Advisory Group | dpagkccomFacebook Profile | facebookcomJasonMDavis247Facebook Page | facebookcomdavisadvisorygroupGoogle+ | googlU1S3DDTwitter | twittercomjasonmdavis247LinkedIn | linkedincominjasonmichaeldavisPinterest | pinterestcomjasonmdavisInstagram | instagramcomjasonmdavis247Vimeo | vimeocomuser8372884YouTube | youtubecomuserutubejmdavis

Phone NumbersMaryhelen Loya | Homeservices Lending | 9132070713Terry Werth | Homeservices Lending | 9132666635Natalie Latta | Homeservices Lending - Reno Loans | 9132848166Kristy Rayos | Continental Title | 9133383232Lisa VanNewenhouse | Continental Title | 8169314916Jeff Duncan | Omega Title | 8164565698Dan Speck | Danrsquos Handyman Service | 8164528761

dpagKCcom

Page 15: Davis Property Advisory Group Magazine 01.04

5 Budding Social Data Startups to Watch - Mashable

Itrsquos still unclear exactly how Apple plans to use Topsy the social media analytics firm the tech giant acquired on Monday for a reported $200 million The possible theories are intriguing and numerous speculation includes improvements to Siri building social integration into Apple TV and even the creation of an Apple search engine to rival Google on mobile devicesRegardless of Applersquos motivation though other companies that make money by analyzing social data such as public posts and tweets are taking away a major positive from the news validationDozens of startups are trying to make sense of the millions of so-cial media interactions that take place each day Brands are using social data to monitor advertising campaigns identify new cus-tomers and engage with existing customers

1 140 ProofSan Francisco-based 140 Proof has created what it calls a Blend-ed Interest Graph a tool that targets consumers based on their social media posts and helps advertisers reach the appropriate audience The company works with thousands of advertisers in-cluding big names like Kraft Chevy and Microsoft to surface ads on the web and on mobile where consumers use their social IDs (Think Tumblr and Wordpress blogs and mobile apps that require a social login)2 DataSiftThe other darling from this busy week DataSift announced a $42 million funding round on Tuesday pushing the companyrsquos financing total over $70 million Half of the employees in the company are engineers Bailey said and the new funding means DataSift will continue to hire aggressively3 GnipGnip is the third and final US company with access to the entire Twitter firehose a valuable commodity as it allows access to every tweet sent around the world4 LeadSiftLeadSift is a small startup even by this listrsquos standards That doesnrsquot mean it canrsquot churn out useful results for its customers though LeadSift uses social media to bring brands and retailers the perfect customers5 Lithium TechnologiesAnother social startup based in San Francisco (surprise surprise) Lithium helps its customers build their own social communities online often as part of larger company websites The move allows Lithium clients to better engage with fans and customers of the brand control where the conversation happens and become an active participant without relying exclusively on external sites like Facebook or TwitterThe company announced a ldquopre-IPOrdquo round of financing in Sep-tember netting $50 million to bring Lithiumrsquos total fundraising over $150 million There is no set timetable for the companyrsquos IPO according to sources close to Lithium but an IPO toward the back half of 2014 wouldnrsquot be a surprise

RESOURCESWebsitesReece amp Nichols | jasondavisreeceandnicholscomPersonalized MyNeighborhood Report | jasondavisreeceandnicholscompagesrequest-myneighborhood-reportDavis Property Advisory Group | dpagkccomFacebook Profile | facebookcomJasonMDavis247Facebook Page | facebookcomdavisadvisorygroupGoogle+ | googlU1S3DDTwitter | twittercomjasonmdavis247LinkedIn | linkedincominjasonmichaeldavisPinterest | pinterestcomjasonmdavisInstagram | instagramcomjasonmdavis247Vimeo | vimeocomuser8372884YouTube | youtubecomuserutubejmdavis

Phone NumbersMaryhelen Loya | Homeservices Lending | 9132070713Terry Werth | Homeservices Lending | 9132666635Natalie Latta | Homeservices Lending - Reno Loans | 9132848166Kristy Rayos | Continental Title | 9133383232Lisa VanNewenhouse | Continental Title | 8169314916Jeff Duncan | Omega Title | 8164565698Dan Speck | Danrsquos Handyman Service | 8164528761

dpagKCcom

Page 16: Davis Property Advisory Group Magazine 01.04

RESOURCESWebsitesReece amp Nichols | jasondavisreeceandnicholscomPersonalized MyNeighborhood Report | jasondavisreeceandnicholscompagesrequest-myneighborhood-reportDavis Property Advisory Group | dpagkccomFacebook Profile | facebookcomJasonMDavis247Facebook Page | facebookcomdavisadvisorygroupGoogle+ | googlU1S3DDTwitter | twittercomjasonmdavis247LinkedIn | linkedincominjasonmichaeldavisPinterest | pinterestcomjasonmdavisInstagram | instagramcomjasonmdavis247Vimeo | vimeocomuser8372884YouTube | youtubecomuserutubejmdavis

Phone NumbersMaryhelen Loya | Homeservices Lending | 9132070713Terry Werth | Homeservices Lending | 9132666635Natalie Latta | Homeservices Lending - Reno Loans | 9132848166Kristy Rayos | Continental Title | 9133383232Lisa VanNewenhouse | Continental Title | 8169314916Jeff Duncan | Omega Title | 8164565698Dan Speck | Danrsquos Handyman Service | 8164528761

dpagKCcom

Page 17: Davis Property Advisory Group Magazine 01.04

dpagKCcom